12/23/2022
The Financial Conduct Authority, which regulates financial institutions in the United Kingdom, opened its own case in the autumn to assess the claims, sources with knowledge of the matter said.
12/23/2022
In October, it criticised the bank after a special audit uncovered that its internal organisation did not meet legal requirements.
12/23/2022
The adviser platform is majority owned by private equity firm HPS Investments, and fellow private equity house Epiris also owns a smaller stake.
12/23/2022
The strategy focuses on three areas: reducing and preventing serious harm, setting and testing higher standards, and promoting competition and positive change.
12/23/2022
In October, in the earlier judgment, the Inner House ruled that communications covered by LPP cannot be recovered by the SLCC to investigate a third-party complaint unless the client of the solicitor gives permission.
12/22/2022
This action reflects the FCA’s increasingly data-led and assertive approach, which enables the regulator to find and deal with problem firms and misleading adverts swiftly.
12/22/2022
The TPR was put in place so those firms could continue to operate in the UK while they applied for full FCA authorisation, following the UK’s withdrawal from the EU.
12/22/2022
ECB euro short-term rate (ESTR) forwards price in the depo rate to peak at around 3.4% in the summer of 2023, from about 2.8% before last week's meeting.
12/22/2022
Joint assets under management (AuM) for Mercier Vanderlinden and Van Lanschot Belgium amounted to €9.6 billion by the end of November.
12/22/2022
Monzo, Wise, Moneyhub and more than a dozen other fintechs have written to the FCA and PSR to complain about the progress so far.
12/22/2022
Edinburgh Reforms and SDR
12/21/2022
The move executes its strategic objective of consolidating its UK presence into one company market platform.
12/21/2022
The report provides an overview of the Government’s key areas of focus for the next phase of the development of the money laundering regulations (MRLs) and the wider AML regime that sits around them.
12/21/2022
It plans to bolster its operations across Europe
12/21/2022
But the firm’s CEO tells IA they were placed on the business by the FCA on a ‘voluntary basis’
12/21/2022
In Romania, access to housing finance is still limited, and IFC's financing will help develop the green housing loan market.
12/21/2022
Wolters Kluwer FRR, which is part of the company’s Governance, Risk & Compliance (GRC) division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.
12/20/2022
But in October 2022, the investors, represented by High Street Solicitors, appealed the decision and had it overturned in November 2022.
12/20/2022
For merging parties, the change raised the prospect of the Commission intervening in transactions that competition regulators in the EU would not have previously reviewed at all.
12/20/2022
The consultation will be of particular interest for banks, building societies and PRA-designated investment firms.