07/16/2018
City watchdog to reform £500bn investment platform industry
The FCA has found that competition is not working as well as it should do for some consumers.
Legal, Regulation & Compliance
07/16/2018
Law Society signs Brewin Dolphin as wealth management partner
The new partnership, due to start in September 2018, will allow Brewin Dolphin to position itself exclusively as the Law Society of Scotland’s wealth management partner. T
07/16/2018
Firms set to face corporate governance overhaul
A UK Corporate Governance Code that is fit for the future
07/13/2018
Interest rate benchmark reform: transition to a world without LIBOR
Speech by Andrew Bailey, Chief Executive of the FCA, at Bloomberg, London - on transitioning from LIBOR to alternative interest rate benchmarks.
07/13/2018
ESMA Sets Out Plan for Systematic Internaliser Regime Calculations and Publications
ESMA will publish results only if trading venues have submitted data for at least 95% of all trading days and will not trigger publication if the quality of the data received for an instrument is not considered sufficient.
07/13/2018
Mifid II and the fight against financial crime
Speech by Mark Steward, Director of Enforcement and Market Oversight at the FCA, delivered at the Duff & Phelps Global Enforcement Review 2018.
07/13/2018
EU securities regulator probes pricing of stock data
Should stock exchanges profit from securities data?
07/13/2018
FCA’s Mark Steward highlights changes brought by MiFID II
The additional data has identified some anomalies pointing to individuals executing transactions who were apparently born in 1900.
07/13/2018
PRA statement on systemic risk buffers and Pillar 2A in stress test hurdle rates
The PRA has previously set out its expectations for firms’ stress test analysis in their ICAAP. T
07/13/2018
ESMA Reminds UK-Based Regulated Entities About Timely Submission of Authorisation Applications
On 30 March 2019, firms must have a fully authorised legal entity located in the EU27 to continue providing services in the EU27.
07/13/2018
Ex-Barclays Euribor trader Moryoussef convicted in absentia in Britain
Three of his co-defendants, however, face a possible retrial.
07/13/2018
‘Dishonest’ bankers liable over Libya deal, judge rules
The law suit claimed that Mr Marino plundered the Libyan sovereign wealth fund for millions of dollars in secret commissions.
07/12/2018
Nathalie Dauriac claims victory
Nathalie Dauriac became embroiled in a dispute with John Caudwell
07/12/2018
IoM-based OMI and FPI hit back over class action threat
The lawsuit is being pushed by a claims manager and could be worth as much as £80m, according to a report in UK news outlet City AM.
07/12/2018
FCA applies ‘Lamborghini test’ to adviser files
The goal of the FCA was to know if the adviser report gives “the colour and detail about the clients’ objectives, and how the solution meets those objectives,” he added.
07/12/2018
The growing need for regulatory reporting change management processes
The increased emphasis on regulatory data requires a different approach to change management
07/11/2018
Ex-Anglo Irish Bank chief given suspended sentence over unlawful lending
Drumm plead guilty to the 10 charges which involve the “Maple 10” businessmen
07/11/2018
Senior Managers & Certification Regime - key implications for FCA firms
The SMCR allows someone to cover for a senior manager, without being approved by the FCA
07/11/2018
FCA hits out at lengthy T&Cs
He said firms using consumers' data needed to engender more trust
07/11/2018
SJP and Lifesearch sign up to gender diversity targets
The initiative comes at a time when women face many challenges in the market regarding how they are valued