07/20/2021
Debt packager firms advise consumers on how to deal with their debts, often referring them to an Insolvency Practitioner or debt management firm, for which they receive referral fees.
07/20/2021
Vatican criminal trial to shed light on failed Carige bank takeover
Vatican prosecutors allege that Mincione bought a stake in Carige with embezzled money including funds raised from faithful Catholics and intended for the needy.
07/20/2021
ESMA Finds NCAs Imposed Sanctions of €8.4 Million for MiFID II breaches in 2020
Some differences persist in the way sanctions and measures are distinguished and identified for the purpose of reporting to ESMA.
07/20/2021
Danish pension firms censured for failure to ID money-laundering risks
The watchdog said that although the sector was generally considered at a low risk of being used for money laundering, not all pension products carried the same attached risks.
07/20/2021
UK 'batman' investor faces extradition to Germany in €125m tax fraud battle
German prosecutors last year reissued an arrest warrant for Virdee after he was apprehended in 2017 at Heathrow Airport and later released.
07/20/2021
FCA secures conditional resolution of proceedings against Park First and its senior management
The FCA brought proceedings against chief executive, Toby Scott Whittaker, director John Slater and a number of companies involved or connected to the Park First Scheme.
07/20/2021
Ireland Update – Central Bank of Ireland updates AML/CFT Guidelines for Financial Sector
The Updated Guidelines list a number of steps that the Board should take in order to meet the necessary standard of governance and oversight.
07/20/2021
The FCA may consult on proposals later this year to address the significant potential for harm through poor advice that the debt packager business model poses.
07/20/2021
This has led HM Treasury to confirm that the UK will diverge from EU PRIIPs regulation to better protect its consumers.
07/20/2021
Business Insider highlights their extensive experience advising wealthy families and business owners.
07/19/2021
Monitor Deloitte's UK leader lays down law on staffing
The diversity of work and steep learning curve of strategy and management consulting mean that it remains one of the most popular careers among graduates.
07/19/2021
The UK’s great bank account shutdown
They want banks to be more robust in monitoring transactions, large money transfers and payments to cryptocurrency sites, and have talked to them about how suspicious activity should be reported.
07/19/2021
Workstreams updates
This allows us to focus on other priority work, including defined benefit pension transfers work and the issues raised in the 2020 consumer investments Call for Input.
07/19/2021
The Guidelines have been issued in the context of the new EU regime on the cross-border distribution of investment funds
07/19/2021
The Law Commission previously reviewed the law in this area in 2010 and found that there was "no pressing need for reform of the identification doctrine"
07/19/2021
Guiding principles on design, delivery and disclosure of ESG and sustainable investment funds
The guiding principles are there to ensure that any ESG-related claims are clear and not misleading, both at the time of application and on an ongoing basis, so that consumers can make informed choices.
07/19/2021
The letter includes a set of guiding principles to help AFMs comply with existing requirements by ensuring that fund disclosures accurately reflect the nature of the fund’s responsible or sustainable investment.
07/18/2021
Sale of entire assets, including excess cash reserves, set to generate more than €500m
07/16/2021
The FCA will also be consulting on changing the balance between decisions taken by the FCA executive and the Regulatory Decisions Committee, which is a sub-committee of the Board.
07/16/2021
Internal investigation is examining as many as 100 cases tied to the sale of currency derivatives