10/31/2019
BoE speech on openness and integration in Fintech
The UK financial sector is a national asset and a global public good.
Legal, Regulation & Compliance
10/31/2019
New Regulations Force Financial Services Firms to Ramp Up Investment in Outsourcing
The survey shows that few financial services organisations try to go it completely alone with data.
10/31/2019
FCA appeals to victims of illegal money lender
We have been in contact with victims already but we know there are more out there.
10/30/2019
Vatican cardinals linked to missing millions and financial scandal
The debt was the result of an APSA loan to a non-profit partnership between the Vatican’s Secretariat of State and an Italian religious order
10/30/2019
Canaccord Genuity sued over film scheme losses
Scores of celebrities, politicians, sports stars such as footballer David Beckham
10/30/2019
FCA speech on the future of financial services regulation in the UK
The House of Commons has published a written statement by John Glen explaining the directions.
10/30/2019
Proposal for a temporary transitional power to be exercised by UK regulators
This publication set out HM Treasury’s proposal for a temporary transitional tool to be exercised by the UK regulators.
10/30/2019
The EBA calls on the European Commission to take action to facilitate the scaling up of cross-border activity
The first important challenge is the identification of when a digital activity is to be regarded as a cross-border provision of services.
10/30/2019
German central bank boss warns against climate role for regulator
Incoming ECB president Christine Lagarde recently argued that it should be a priority for central banks and supervisors to look at how they can contribute to mitigating climate change.
10/30/2019
Swedbank Faces Bigger Risk of Fines as Watchdog Weighs Sanctions
The investigation is like a cloud hanging over Swedbank, so the sooner the FSA reaches a decision, the better,” said Joakim Bornold, a savings advisor at Soderberg & Partners in Stockholm.
10/29/2019
Hargreaves clients approach law firm about Woodford case
It is examining ‘representations’ the platform made about Woodford Equity Income
10/29/2019
KKR adds Deutsche Bank to defence supplier Hensoldt's IPO lineup - sources
It employs 4,400 staff and has annual sales of 1.1 billion euros.
10/29/2019
Russian c.bank to soften capital regulation on some banks - bank official
Other banks in Russia calculate their credit risk according to central bank criteria, despite wanting to base their capital allocations on ratings by domestic ratings agencies.
10/29/2019
Central-bank digital currencies: proceed with caution
Account-based CBDCs would make it possible for private households and corporations to open an account with the central bank.
10/29/2019
FCA boss: Keep retail and institutional investors apart
Bailey said Kent council’s request was “the very proximate cause” of the freezing of the Equity Income fund.
10/29/2019
Lloyds Bank fails to pass on wills of 9,000 deceased customers
However, it estimated that in hundreds of cases, customers’ estates were incorrectly distributed.
10/29/2019
Treasury Committee report on IT failures in financial services sector
Regulators must act to reduce unacceptable number of IT failures in financial services sector, warns Treasury Committee
10/29/2019
EU Exit: HMT speech on post-Brexit financial services sector
The UK Financial Services Beyond Brexit Summit: Economic Secretary's speech
10/29/2019
Monetary policy and open questions in international macroeconomics - speech by Silvana Tenreyro
Given at the John Flemming Memorial Lecture, London
10/29/2019
Fifth of law firms fail to comply with money laundering rules
The watchdog also revealed that it had opened 172 investigations linked to anti-money laundering compliance this year.