08/04/2021
Ascot Lloyd ordered to refund client's ongoing fees
The regulator had assessed the issue in its evaluation of RDR and FAMR, finding an increase in new clients paying ongoing advice fees (increasing to 90% in 2020 from 70% in 2019).
08/04/2021
This option raises some data protection and privacy issues and the Government makes it clear in its guidance to employers that they must adhere to data protection legislation.
08/04/2021
Mirabaud & Cie private banking was founded in 1819 and has offices and subsidiaries in Switzerland, Canada, France, and the United Kingdom, as well as branches in Madrid, Barcelona and Seville.
08/04/2021
But so that employers can collect this data in compliance with data protection laws, it will be essential to assess why the data is needed.
08/04/2021
The appeal was brought by AA, Craig and Lee Lummis and today’s decision by the Court of Appeal upholds these findings.
08/04/2021
Provident subsequently made changes to its proposal, including deciding to wind down Provident Personal Credit Limited (PPC) meaning PPC will no longer continue in business.
08/04/2021
The FCA notes that the Court of Appeal's ruling, 'opens the way for the order to be enforced by the FCA.'
08/03/2021
Ms McGuinness said the focus must now go on things like car purchases, jewellery, antiques and even more unusual items like funeral charges.
08/03/2021
This complex transaction involved input from various legal experts
08/03/2021
But even tweaked structures appear unlikely to feature on deeply subordinated bank capital instruments, whereas the outlook for green or social junior debt is more positive.
08/03/2021
The government is proposing to place the work of the DMU on a statutory footing and its consultation considers the powers the body should have when carrying out its functions.
08/03/2021
The EBA tested the resilience of 50 top lenders to economic shocks, though there is no formal pass or fail mark.
08/03/2021
Financial Regulation: Daily Update
Regulators and supervisors' assessment should be guided by the need to preserve the standards of consumer protection and data protection
08/03/2021
Consumer warning on Cavendish Incorporated Limited
In general, a business does not have to be regulated by the FCA to raise funds by issuing shares or debt securities (such as bonds or loan notes).
08/02/2021
Weaponising the risk against financial crime
This approach is equally important, and most probably even more essential, for banks to be successful in the war against financial crime.
08/02/2021
This application is the latest in several legal proceedings commenced by the FCA against Mr Gopee arising out of his illegal money lending activities.
08/02/2021
EBA publishes the results of its 2021 EU-wide stress test
Against this background, under the adverse scenario, the EU banking system as a whole would see its CET1 reduced by 485 bps on a fully loaded basis (497 bps on a transitional basis) after three years
08/02/2021
Withers is one of relatively few global private wealth practices, with well-regarded teams in London, the US and Asian markets as well as a strong group in Switzerland.
08/02/2021
Dubai List has information on around 20 Maltese nationals’ offshore holdings
08/02/2021
Prestigious London law firm known for its elite clientele including top football clubs ‘has case to answer’