04/04/2017
UK wealth managers refused FCA opt out from Mifid taping rule
It confirmed the same flexibility would not stretch to larger regulated investment firms.
Legal, Regulation & Compliance
04/04/2017
Accused Barclays trader was a Libor rookie, not an expert on the benchmark rate, court told
He did because there didn't seem to be anything wrong with it.
04/04/2017
BLP and Noerr make German plays as City firms follow suit
It is an exceptionally busy time for clients who are preparing for the GDPR.
04/04/2017
Court Authorizes Service of John Doe Summons Seeking Information About Dutch Residents Using American Express Cards Linked to Non-Dutch Bank Accounts
The treaty allows the two countries to cooperate in exchanging information that is helpful in enforcing each country’s tax laws.
04/04/2017
FCA proposes new rules for credit card firms to help millions of customers get out of persistent debt
New customers will be given the choice of how increases will be offered
04/04/2017
The expanding scope of individual accountability for corporate misconduct
Conduct issues give rise to competing tensions within firms.
04/04/2017
Hysteria over negative sterling story will fade in 2017, says hedge fund manager
Looking at the other side of the coin, the long-term macro hedge fund specialist told CNBC that although the dollar is overvalued, the fundamentals which have produced that dynamic have not changed recently.
04/03/2017
Banks Snubbing Belgian Diamond Trade: AWDC
The banks’ rationale is that the diamond trade carries a high risk, the AWDC said.
04/03/2017
HSBC’s new compliance rules require clients to provide more account information
Increased information disclosure is part of bank’s rigorous compliance plan to meet enhanced anti-money-laundering requirements in the US and Europe
04/03/2017
Lloyds chiefs ‘knew about and covered up £1billion fraud that left customers bankrupt’
A senior banker at Halifax Bank of Scotland and five associates have been jailed for the scam that began in 2003
04/03/2017
European growth, regulatory changes drive asset moves
The global financial crisis left asset owners in Europe with no appetite for more volatile asset classes.
04/03/2017
FCA study prompts OMGI to overhaul 'Cirilium' fees
The change illustrates the pressure on asset managers to become more open around fees.
04/03/2017
SJP ups maximum bonus for exec directors
Both its executive and non-executive directors have also received a 3% increase in base salary this year.
04/03/2017
Scottish Widows launches DB transfer guidance service
To meet this demand, Scottish Widows announced it had created a "digital toolkit" to help advisers meet the growing demand for defined benefit transfers.
03/31/2017
Herbert Smith Freehills - Financial regulation update
FCA Primary Market Bulletin No. 17
03/31/2017
Keeping up with the credit sector: the FCA’s view on the market today
Speech by Jonathan Davidson, Director of Supervision – retail and authorisations at the FCA, at Credit Summit in London.
03/31/2017
FCA fines former investment banker for sharing confidential information over WhatsApp
The details of the information he shared included the identity of the client, the details relating to the client mandate and the fee Jefferies would charge for their involvement in the transaction.
03/31/2017
Luxembourg says has legal right to host relocating EU banking body
The European Commission has suggested last week that one option could be to move the body to Frankfurt
03/31/2017
Dutch regulator clears Chesnara-L&G Nederland deal
The increase in value includes an increasingly material contribution from new business profits in Sweden where we have delivered our best ever results.
03/31/2017
U.K.'s Pensions Regulator outlines guidance for corporate pension plan trustees
The guidance includes examples of approaches and factors that trustees should consider when investing DB assets.