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Legal, Regulation & Compliance

09/29/2023

FCA takes action against Darren Reynolds and Andrew Deeney of Active Wealth for dishonest pension transfer advice

These payments were funnelled via companies connected to Mr Reynolds and were intentionally designed to disguise their true origins.

09/29/2023

Quilter Cheviot Jersey to establish new financial planning capabilities

His appointment will be followed by a number of financial planner hires as the Jersey office grows its client-facing team on the island.

09/29/2023

Esma work programme to focus on digital change and the green transition

2024 will be an important year for the European Union as a whole, with a new Parliament and Commission following the elections next June.

09/29/2023

FCA to send another financial resilience survey

They will receive an automated reminder via RegData when the return is available for submission.

09/28/2023

FCA set to launch private markets review

The regulator is preparing to look into valuations in private markets.

09/28/2023

Swiss banking stands before the courts of morality

Of course, it can be argued that these specific incidents happened many years ago - and the world has changed in the meantime.

09/28/2023

Addleshaw Goddard: Financial Services & Banking News

The consultation sets out the PRA's proposed clarifications and amendments when capitalising foreign exchange exposures under the market risk capital framework.

09/27/2023

The EBA second mandatory exercise on Basel III full implementation shows a significantly reduced impact on EU banks with shortfalls nearly fully absorbed

The overall impact includes the economic impact of the Covid-19 pandemic that had materialised up until December 2022, the reference date of this Report.

09/27/2023

UK Regulators Come Together to Warn Against Using Harmful Online Design

Both regulators stressed their commitment to take formal enforcement action where necessary to protect consumers.

09/26/2023

The FCA and PRA propose measures to boost diversity and inclusion in financial services  

The proposals include new rules and guidance to make clear that misconduct such as bullying and sexual harassment poses a risk to healthy firm culture.

09/26/2023

ECB needs to be cautious about doing too much on rates - Villeroy

The ECB raised its main interest rate to a record high 4% this month after 10 successive hikes, but signalled a pause in October.

09/26/2023

FCA: financial knowledge must improve for markets to thrive

The authority outlined that, for them, “confidence is key” as “markets work well if there is investor and consumer confidence”.

09/26/2023

FCA: Changes to listing rules will make UK 'market of choice'

Under planned changes the FCA would replace its existing ‘standard' and ‘premium' listing segments with a single category for equity shares in commercial companies.

09/25/2023

EBA launches 2023 EU-wide transparency exercise

The EBA expects to publish the results at the beginning of December, together with the annual Risk Assessment Report.

09/25/2023

Advice/Guidance review may lead to simpler advice services as part of a wholesale review, says FCA

All of which would help them make better informed financial decisions.

09/25/2023

Euro Inflation Holds Key to How Long ECB Rate Squeeze Will Last

Bloomberg Nowcast sees euro-zone price growth slowing to 4.6%

09/25/2023

Reconstruction plan angers German central bankers

he institute has said that the losses are likely to consume more than 20 billion euros in provisions and capital in the coming years.

09/25/2023

Andy Bell: FOS will make or break new advice guidance boundary rules

These options are likely to focus on both improving access to regulated advice and making it easier for firms to offer more personalised guidance to customers.

09/22/2023

FCA cancels advice firm's permissions over £11,000 unpaid fees

Failed to do business in a 'sound and prudent' manner

09/22/2023

Bank rate maintained at 5.25% - September 2023

Monetary Policy Summary and minutes of the Monetary Policy Committee meeting

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