11/01/2016
International law firm crowdfunds Brexit help service
The BASe portal has been crowdfunded with clients already signed up including Australia’s Lendlease and UK mutual insurance company Royal London.
Legal, Regulation & Compliance
11/01/2016
Access to Financial Services in the UK by Christopher Woolard, FCA
Speech by Christopher Woolard, Director of Strategy and Competition at the FCA, delivered at Access to Financial Services: Launch of FCA Occasional Paper.
11/01/2016
MiFID II – FCA MIS confidentiality agreement
The FCA has published a Market Interface Specification (MIS) confidentiality agreement.
11/01/2016
Fundraising Regulator publishes FAQs on new fundraising requirements - Withers
(Protection and Social Investment) Act 2016 (the 'Act'), which come into force on 1 November 2016.
11/01/2016
FCA prohibits six individuals for their part in unauthorised collective investment scheme
The scheme led to over 100 investors losing just under £4.3 million and the individuals who operated the scheme received sentences totalling more than 30 years.
11/01/2016
Italian banker drops rival rescue plan for Monte dei Paschi
Passera's withdrawal leaves Monte dei Paschi, the country's weakest major lender, tied to a plan drawn up and backed by investment bank JP Morgan to sell some 28 billion euros ($31 billion) in bad loans and raise 5 billion euros in new capital.
11/01/2016
Debevoise Advises Polyus Gold in its $500 million Eurobond Offering
The team also included international counsel Vera Losonci, and associates Laurence Hanesworth, Timur G. Ochkhaev, Christopher Salz and Daria A. Serebrova.
11/01/2016
Top law firm partner who handed associate lover £550,000 chunk of client’s estate struck off
A top private client lawyer used his position as the sole executor of a will to increase the amount of inheritance received by an associate
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.
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.