05/09/2018
Will Lawyers Become Extinct in the Age of Automation?
The most enduring relationships in the legal profession are the ones where the client feels and believes the lawyer has their back.
Legal, Regulation & Compliance
05/09/2018
Beaufort clients could be charged for its liquidation
Under plans being considered by PWC, Beaufort’s administrator, clients with assets in the business worth less than £100,000 will face a levy of about 40 per cent of the value of their holdings to pay for the liquidation process.
05/09/2018
Advising on overseas pensions involves know-how and ethics
To understand the changes announced by the DWP in March
05/08/2018
Appleby, Guardian News and Media Limited and the BBC settle Paradise Papers dispute
This will allow Appleby to initiate meaningful discussions with its clients, colleagues and regulators.
05/08/2018
Standard Life Aberdeen disputes Lloyds 'right' to pull £109bn Scottish Widows portfolio
SLA claims it is not a 'material competitor'
05/08/2018
Hedge fund reports Unicredit for allegedly breaking European banking rules by misclassifying capital
If the regulator were to uphold the complaint, and force Unicredit to convert the securities into ordinary shares, the bondholders could lose around €2bn.
05/08/2018
Algo Traders Warn U.K. Over MiFID II Rules
The groups also want the BOE to make sure it’s not exceeding requirements under the revised Markets in Financial Instruments Directive for executives to sign off on the use of algorithms.
05/08/2018
The Bahamas – Clearly the Next Best Financial Services License
The FCA was once seen as the only jurisdiction where firms aspired to get a license though this has changed
05/08/2018
Nutmeg ordered to pay ex-client for ‘irritating’ mistakes
Nutmeg said the value of the 12-month AMC was in the region of £600, but Mr M did not agree with the offer made and complained to the FOS.
05/07/2018
Understanding and preparing for GDPR
GDPR is based on the concept of data protection “by design”, meaning that data privacy, risk and compliance needs to be built into the systems, processes and procedures across an organization. There’s a fair amount to unpack with this ne
05/07/2018
Estate agency sets up divorce division aimed at wealthy splitters
It also advises clients on what it costs to run a home in a particular area so they can use the information as part of a claim against their spouse, and finds short-term accommodation for those going through the divorce process.
05/04/2018
Goldmans' Phillips: 'There will be losers' as MiFID II pushes larger sums to fewer funds
Goldmans awarded eight mandate over past six months
05/04/2018
IOSCO CPMI report on implementation monitoring of PFMI
The CPMI and IOSCO also reiterate that, according to the PFMI, an FMI should maintain sufficient liquid resources in a wide range of potential stress scenarios.
05/04/2018
PA360: MiFID II nudges wealth managers into financial planning
Under the second iteration of the Markets in Financial Instruments Directive (MiFID II), the manager has to set client objectives and subsequently build a portfolio, proving they had met them, she explained.
05/03/2018
ESMA Launches Bond Liquidity System Under MIFID II
The ESMA liquidity assessment for bonds is based on a quarterly assessment of quantitative liquidity criteria
05/03/2018
High-cost credit: what next?
Speech by Andrew Bailey, Chief Executive at the FCA, delivered at a New City Agenda event, Portcullis House, Westminster, London.
05/03/2018
Schroders acquires pan-European hotels investment and management business
The acquisition of Algonquin accelerates the growth of Schroders’ Real Estate business and complements its existing capabilities and expertise.
05/02/2018
Funds face challenging search for independent directors
The asset management industry could be looking for more than 400 new directors, but are the skills there or will the directorships be filled by a select few?
05/02/2018
UK won’t impose its will on the Isle of Man
It means places like the Cayman Islands and British Virgin Islands will be required to introduce a register revealing the beneficial owners of assets held in the jurisdiction.
05/02/2018
Former RBC FX trader suing bank for £13 million
He claims this is because he blew the whistle on a number of failings at the bank – which put senior managers’ noses out of joint – and is now suing the bank for £13 million.