06/02/2022
AIFMD Rapporteur proposes widening of ‘professional investor’ definition under AIFMD
These individuals do not currently fall within the definition of professional investor.
Legal, Regulation & Compliance
06/02/2022
Old dogs, new tricks: adapting central bank balance sheets to a world of digital currencies − remarks by Andrew Hauser
Given at Federal Reserve Bank of New York and Columbia SIPA Workshop on ‘Monetary Policy Implementation and Digital Innovation’, New York
06/02/2022
Addleshaw Goddard Financial Services & Banking News
This letter outlines the FCA's view of the key risks of harm in the DRSP portfolio
06/02/2022
Private equity industry like a Ponzi scheme, says Amundi CIO
One private equity firm will sell to another who is happy to pay a high price as they have attracted a lot of investors.
06/01/2022
Credit Suisse Employees Investigated over Mozambique
The documents, which were actually intended for the supervisory investigation, could now also be used in a criminal investigation
06/01/2022
FCA Review of AML failings at challenger banks
The use of innovative technology and non-traditional methods of identity verification (such as passport photo images and video selfies) have enabled customers to be onboarded quickly.
06/01/2022
Green investment scam duo found guilty
They took £37m from around 2,000 victims
06/01/2022
Remarks by Governor Gabriel Makhlouf at Irish Funds Conference: "Funds - facing the future"
By design and by necessity, CMU is a project that is continually evolving.
06/01/2022
Administrative penalty of 14 April 2022
Administrative penalty imposed on the credit institution Natixis Wealth Management Luxembourg
06/01/2022
CASS governance: four factors for compliance
That’s why, in this blog, we break down the key factors that underpin effective CASS governance.
06/01/2022
CII accused of losing £5m to £7m last year
The CII’s financial statements show a 2021 reported surplus after tax and before comprehensive items of £2.249m.
06/01/2022
FCA: Good advisers have ‘nothing to fear’ from redress scheme
One adviser argued that the FCA has “zero accountability”, questioning how the FCA can act as the “investigator, judge, jury and executioner”.
06/01/2022
Adviser questions SJP after client incurs 2.2% cost
The FTSE 100 advice business announced a change to the investment objective and policy of its Emerging Market Equity fund earlier this month by moving from a single manager to a multi-manager strategy.
05/31/2022
A "UK Listing": the FCA unveils proposals for a new-look UK listing regime to boost growth and competitiveness
As well as making these specific changes, the FCA initiated, as part of its July 2021 Primary Markets Effectiveness Review
05/31/2022
The importance of carrying out regular independent AML audits
The importance and the benefits of carrying out regular independent AML Audits.
05/31/2022
The CSSF sanctions Natixis Wealth Management Luxembourg
The bank took note of the sanction and specified that “as part of its medium-term plan 2021-2024, Natixis Wealth Management has decided to end this non-strategic depository activity, managed in run-off since September 2021”.
05/31/2022
Carey Olsen's Dean Robson named in Channel Islands Top 35 Under 35
Dean's inclusion marks the third straight year he has been recognised by eprivateclient.
05/31/2022
Police raid Deutsche Bank and DWS offices in Frankfurt
Almost 50 officers from Bafin, the Federal Criminal Police Office and the Public Prosecutor’s Office searched the buildings of Deutsche Bank and DWS, according to the city’s prosecutor’s office.
05/31/2022
Beyond Fama-French: alpha from short-term signals
All in all, these results imply that a composite short-term signal strategy can be highly profitable after costs when efficient trading rules are applied.
05/31/2022
German police raid DWS and Deutsche Bank over greenwashing allegations
Asset manager accused of misleading investors about ESG factors in its financial products