10/07/2016
FCA will not rush on RBS report despite judicial review threat
Bailey previously told the Treasury Select Committee that he hoped the report would be published by the end of 2016.
Legal, Regulation & Compliance
10/07/2016
St James's Place overtakes Sesame in FCA complaints data
The FCA handled 1,092 open complaints against the Bristol-based firm compared with 555 in the last six months of 2015.
10/07/2016
Theresa May on tax-evading advisers: ‘We’re coming after you’
An economy that works for everyone is one where everyone plays by the same rules
10/07/2016
England pays 91% of UK’s £4.65bn IHT bill
The law firm claimed that had the IHT threshold kept pace with inflation since 2009, it would now be £391,000.
10/07/2016
AIFMD – updated ESMA Q&A
The European Securities and Markets Authority (ESMA) has publishedupdated questions and answers (Q&A) on the Alternative Investment Fund Managers Directive (AIFMD).
10/06/2016
Common Reporting Standard & EU Beneficial Ownership Registers - Withers
Inadequate protection of privacy and data protection
10/06/2016
EU Watchdog Floats Tighter Rules On Investment Marketing
Tighter rules on the marketing of financial products to investors
10/06/2016
Deutsche Bank Mismarked 37 Loans Like Monte Paschi’s, Audit Says
Monte Paschi restated accounts in 2013 after the transactions came to light and further amended results in 2015 at the request of Italy’s regulator.
10/06/2016
Jersey introduces virtual currency regulation
Reforms leave Jersey well placed as virtual currencies enter the mainstream
10/06/2016
MiFID II – ESMA consultation on draft guidelines on product governance
MiFID II has introduced product governance requirements to ensure that firms which manufacture and distribute financial instruments act in the clients’ best interests during all the stages of the life-cycle of products or services.
10/06/2016
Marathon Wins $13 Million Clawback Case Against Co-Founder
Hosking has accepted wrongdoing, apologized and agreed to pay about 1.3 million pounds in damages
10/05/2016
IMF warns of protectionism threat to global growth
The IMF warned that protectionist policies could have major consequences for global trade flows
10/05/2016
MEPs call for Commissioners’ code of conduct to be tightened up
The Commission wants all EU citizens to be assured that its Commissioners act exclusively in the interests of Europe
10/05/2016
IMF rows back on Brexit warnings as UK poised to become fastest growing G7 economy
The Fund expects the UK economy to grow by 1.8pc in 2016.
10/05/2016
UBS Financial Services Flubbed RCN Training
The SEC is alleging via its order that the firm did not develop and implement policies and procedures that would have adequately educated and trained UBS registered representatives
10/05/2016
EMIR – RTS on risk-mitigation techniques for OTC derivative contracts not cleared by CCPs
The European Commission has published a delegated regulation supplementing the European Market Infrastructure Regulation (EMIR) with regard to regulatory technical standards for risk-mitigation techniques for over-the-counter (OTC) derivative contracts no
10/05/2016
Aviva slapped with £8.2m fine for failing to protect client money
“Aviva outsourced the administration of client money and external reconciliations in relation to custody assets, but failed to ensure that it had adequate controls and oversight arrangements to effectively control these outsourced activities. With o
10/05/2016
Swiss seek Malaysia's help to probe new allegations in 1MDB case
The OAG, which has been running an investigation around 1MDB for more than a year, said evidence allegedly now showed fresh suspect transactions involving the Swiss financial sector.
10/04/2016
EU Regulator Clarifies New Dark Pool Rules
Dark pools let traders keep the price and volume of orders hidden and anonymous until a deal is complete
10/04/2016
PRA regulatory digest
The PRA has published its regulatory digest for September 2016, summing up the main regulatory developments from the past month.