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Banking & Finance Law

Latest News about Banking & Finance Law

A collection of insights and news from legal experts and law firms specialising in the banking and financial industries. Articles examine relevant court cases, transactional, regulatory and technological developments, and legal requirements which affect capital markets and securities, banks and other financial institutions, businesses and private individuals. If you have any current news, useful insights or recommendations concerning the banking and finance sector, feel free to share them with GoLegal on [email protected]

SARB – Virtual Currencies Position Paper

SA & Kenya ranked second in EY Foreign Direct Investment report

EY’s Africa Attractiveness Index reveals that foreign investors gravitate to larger, more diverse economies. South Africa and Kenya have been named as this year’s second-most attractive...

by Lex Africa

FIC Amendment Act published

The Financial Intelligence Centre Amendment Act 1 of 2017 (the Amendment Act), was published in Government Gazette 40821 of 2 May 2017. Attorneys, as accounting institutions,...

by LSSA

New licensing framework likely for financial advisors

Uncertainty over the future of financial advisors in South Africa is gradually lifting – and it’s clear that change is in store. “It’s inevitable that currently...

by Francisco Khoza

Possible fines and imprisonment against banks for cartel behaviour

The recent investigations into the construction and banking industry regarding collusion and cartel behaviour, has highlighted the consequences thereof in terms of the Competition Act. As of 1 May 2016, competitors involved in price fixing, market division …

Provided By KISCH IP

by Anola Naidoo

Leading banking and finance lawyer joins Webber Wentzel

Webber Wentzel has announced the appointment of Mark Kyle as a partner in the firm with effect from 2 May 2017. Mark is one of...

by Webber Wentzel

Settlement with Citibank over involvement in Forex trading cartel

The Competition Commission welcomes the Competition Tribunal’s decision to confirm, as an order of the Tribunal, its settlement agreement with Citibank NA in relation to...

by Competition Commission South Africa

Amnesty then and now – Tax and exchange control

On 15 May 2003, then Minister of Finance, Trevor Manuel, announced the introduction of a joint tax and exchange control amnesty. He punted the amnesty...

by Lisa Brunton

Eversheds Sutherland advises Investec Asset Management’s Africa Private Equity Fund in major Moroccan buy-out

Eversheds Sutherland (International) advises on the acquisition of SJL group, a leading transport and logistics operator in Europe and Morocco, from private equity funds AfricInvest and Mediterrania Capital Partners. Eversheds Sutherland advised Investec…

Provided By Eversheds Sutherland

by John Kemkers

Reprieve for banks – but is margin implementation imminent?

With variation margin for uncleared derivatives coming into effect on 1 March 2017 in other parts of the world, margin requirements for uncleared swaps in...

by Bridget King