11/01/2016
Pinsent Masons calls for clearer regulatory guidance on robo-advice
Robo advice tools have the potential to help address the UK's 'advice gap' that was highlighted in the Financial Advice Market Review, published in March 2016.
Legal, Regulation & Compliance
11/01/2016
FCA orders wealth firm to stop taking new money
According to a brochure released by Greyfriars, Portfolio Six is a discretionary managed investment portfolio made up of ‘non-correlated investments’ including corporate bonds.
11/01/2016
BDO Jersey joins forces with Greenlight CI and Sator Regulatory Consulting
Greenlight CI is a change management consultancy business that has, since 2008, provided Channel Island clients with a range of services related to assessing their current situation
10/31/2016
Britain awash with dirty money, says anti-corruption think tank
Detectives say this figure is merely the tip of the iceberg.
10/31/2016
SEC asked to resolve research rift between Europe and US
Investors must instead make research payments out of their own resources, or set up special "research payment accounts".
10/31/2016
The FCA should consider banking fines to fund FSCS levy’ - Derek Bradley
Over the last century or two the nation’s wealth and success was built on our vast below ground natural resources.
10/28/2016
Asset segregation regs causing fragmentation, says Northern Trust
The introduction of regulations such as CSDR, UCITS and AIFMD have led to divisions in asset segregation according to an industry expert.
10/28/2016
The regtech headache of going digital
That is not quite so easy with digital channels, even the old-fashioned ones.
10/28/2016
Barclays bank takes new £600m hit over PPI misselling
Barclays added that pre tax profit rallied 35 per cent to £837 million, buoyed by a jump in fixedincome trading.
10/28/2016
EMIR related MoU between FCA and CFTC
FCA has published a Memorandum of understanding (MoU) between the United States Commodity Futures Trading Commission (CFTC) and the FCA.
10/28/2016
ABLV Bank Chooses Wolters Kluwer’s OneSumX for Regulatory Reporting
The bank has specifically signed up to use Wolters Kluwer’s OneSumX Regulatory Reporting, including the firm’s Regulatory Update Service.
10/27/2016
Athena Systems launches Athena Spark for Family Offices
That’s a very compelling time savings for offices that are typically only three to five people,” says Stefano Guarnieri, managing director at Athena.
10/27/2016
EMIR – implementing regulation on ITS and revised rules for reporting to TRs
The European Commission has adopted an implementing regulation amending implementing regulation No 1247/2012 on implementing technical standards (ITS) with regard to the format and frequency of trade reports to trade repositories (TRs) according to the Eu
10/27/2016
The impact of Mifid II: Part I
There is also the possibility asset managers could move research in-house or increase the size of their internal research groups.
10/27/2016
UK financial regulator vows to slash FCA rules
It also said it would try to be more proactive in taking action against financial organisations even if what they are doing was not strictly within the FCA’s sphere.
10/27/2016
Spirit of the financial age – 30 years after the City's Big Bang
Banking holds nothing like the appeal it once did for graduates.
10/26/2016
Britain could be 'sleepwalking into the next financial crisis'
Leadership changes and the perception of political interference are in danger of making the FCA into a timid and cowed regulator
10/26/2016
City of London calls for post-Brexit banking rules that aid competitiveness
Backers of Brexit have also voiced hopes that EU rules like caps on banker bonuses will disappear
10/26/2016
MiFID II to spur overhaul of adviser business models
Focus on compliance, fees and risk
10/26/2016
CMA speech on the expected impact of the retail banking market investigation
The Competition and Markets Authority (CMA) has published a speech, entitled "What will be the impact of the CMA retail banking market investigation?", by Alasdair Smith, CMA Inquiry Chair, at the Beesley Lectures on 21 October 2016. T