11/16/2023
FCA places restrictions on KBFS Financial Limited
KBFS has failed to provide us with information requested about its financial position and FOS awards it was due to pay out.
Legal, Regulation & Compliance
11/16/2023
Financial Services & Banking News
The report summarises the UK's financial services regulatory framework
11/15/2023
White & Case advises Technique Solaire on €200 million fundraising
The three founders, via the holding company JLT Invest, will retain a large majority of the capital.
11/15/2023
National law firm takes landmark Bristol office
Freeths has signed a deal for Aurora at Finzels Reach, with the relocation following a period of continued growth for the office of more than 50 staff
11/15/2023
Financial services CEOs call for ISA 'reform' at Autumn Statement
Letter to The Times
11/14/2023
UK to scrap new foreign takeover prevention rules - reports
AI coverage scaled back
11/14/2023
Trends shaping Ireland’s hedge funds market
Other factors, including scrutiny of fund fees and costs, and recent macroprudential developments, are also set to shape the future development of the market.
11/13/2023
UBS's Ermotti to Get a Serious Case of Deja Vu as French Trial Continues
The trial overshadowed the end of Sergio Ermotti's first term as UBS's chief executive officer in the autumn of 2020.
11/13/2023
Central bank liquidity: a macroeconomic perspective
Welcome address by Philip R. Lane, Member of the Executive Board of the ECB, at the ECB Conference on Money Markets
11/13/2023
British Steel advice firm fails with FSCS
The FSCS said one claim has been rejected and 109 are in progress.
11/13/2023
£6,000 deduction warning issued to anybody with Lloyds, Barclays, HSBC, Santander, Nationwide mortgage
In November, Rightmove says the average price of a home fell by £6k in a month - with asking prices down 1.7 per cent.
11/10/2023
Professional Investment Portfolio Management
As a result, certain UK retail protections may not be available to clients of Fisher Investments.
11/10/2023
ECB makes case for keeping balance sheet big
Central bank’s chief economist Philip Lane says return to pre-crisis levels would destabilise banks
11/10/2023
Uptick in mortgage lenders starting legal action against borrowers in arrears
Specifically, mortgage possession claims, which are initial filings by lenders to obtain court permission to foreclose on properties, increased by 14% to 4,185.
11/10/2023
ESMA to put cyber risk as a new Union Strategic Supervisory Priority
In addition, ESMA and NCAs will continue their work on the second priority – ESG disclosures.
11/09/2023
Union Investment reshapes management of €20bn multi-asset range
The German fund house has reworked senior roles and prioritised risk metrics over asset allocation calls.
11/09/2023
FCA issues stern warning to high-cost and underdelivering wealth managers
‘We have seen many wealth managers and stockbrokers failing to meet their obligations to provide a service that delivers good consumer outcomes’
11/09/2023
Finma recognizes new risk – after the crisis is already over
The supervisory authority now attaches greater importance to the risks associated with liquidity and refinancing as well as the outsourcing of business activities.
11/09/2023
German regulator finds ‘serious deficits’ in Leonteq’s due diligence
German regulator finds ‘serious deficits’ in Leonteq’s due diligence
11/08/2023
SEBA Hong Kong Awarded Licence by the SFC to Conduct Regulated Activities in Traditional Securities and Crypto-Related Services
Institutional and professional investors, including corporate treasuries, funds, family offices and high-net-worth individuals, can begin availing of SEBA Hong Kong’s licensed services from today.