04/04/2017
The expanding scope of individual accountability for corporate misconduct
Conduct issues give rise to competing tensions within firms.
Legal, Regulation & Compliance
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.
03/31/2017
EU response on state aid to arrive soon for the two Veneto banks
The message means that attention is being paid to the process and its timing.
03/31/2017
Linklaters signs up with Obelisk to access flexible lawyer pool
Obelisk’s offer makes sense for our lawyers and our clients alike
03/31/2017
Jail for solicitor who plundered £4m from clients and Church of England
Sums of illegally obtained cash also went on funding mortgages for relatives, private school fees for her grandchild and landscaping work at her home.
03/31/2017
Apfa tells FCA to go further in FSCS reforms
Among the proposals being put forward by the FCA are more provider contributions to the FSCS and a reduced number of funding classes.
03/31/2017
More calls to regulate UK investment consultants
Pensions Regulator suggests institutional advice sector should face greater scrutiny