04/29/2019
Mortgage prisoners put pressure on FCA and Treasury
These consumers are predominantly borrowers who took out a mortgage before the financial crisis but are now blocked from switching to better rates due to changes in lending practices.
Legal, Regulation & Compliance
04/28/2019
FCA statement on delay to publication of final rules for CFDs products and CFD-like options
Firms that sell, market, or distribute CFD-like options would be given at least two months to comply with our new rules.
04/28/2019
Crown Dependencies release joint guidance on economic substance legislation
This guidance substantially builds on the initial key aspects guidance issued by the Crown Dependencies, which was updated on 21 December 2018.
04/27/2019
Qatar, UK sign several deals in London
Under the agreement, Innovate Finance renews its commitment to supporting the development of the FinTech ecosystem in Qatar, as well as the approval of QDB’s membership of the Financial Conduct Authoritys (FCA) Global Financial Innovation Network (G
04/26/2019
Allen & Overy named a top employer for women in the UK
The list is produced in partnership with Business in the Community and recognises UK employers that are making gender equality a key part of their business strategy
04/26/2019
Swedbank admits money laundering flaws, faces multiple U.S. probes
Swedbank has found itself caught up in a regional money laundering scandal originating with Danske Bank
04/26/2019
Repo rate left unchanged in Sweden
Swedish economic growth was "unexpectedly rapid" in the last quarter of 2018, the bank aknowledges, including a high rate of employment and good economic prospects forecast.
04/26/2019
Alliance Trust plans to increase female board representation
Simplification, diversity and ethical investment were key themes at finance giant Alliance Trust’s annual general meeting held in Dundee yesterday.
04/26/2019
GAM under fresh criticism over pay policies despite overhaul
Institutional Shareholder Services voicing new concerns
04/25/2019
Ex-UBS Official Shared Giant Champagne Bottles at Trader’s Club
Choucair, Abdel-Malek on trial for insider trading in London
04/25/2019
Auditors on collapsed firm London Capital & Finance questioned
The UK watchdog is facing fresh questions over its handling of London Capital & Finance after it emerged that it authorised the investment firm even though it was linked to a company that the watchdog had already censured, The Times reports.
04/25/2019
Glasgow man Richard Cusick jailed for £190K tax fraud
Instead of coming clean and admitting the fraud, Cusick submitted more false repayment claims.
04/25/2019
Luxembourg Securitisation market feels impact of ATAD 1 Interest Limitation Rule
In a nutshell, the rule means that securitisation vehicles (SVs) with a main source of income through capital gains, non-performing loans and so on, may not be able to achieve tax neutrality which is a standard for all such vehicles.
04/24/2019
Europe 2020: UK National Reform Programme
This collection contains details of the UK's annual structural reform plans as part of the Europe 2020 strategy for sustainable economic growth.
04/24/2019
‘No Money,’ ‘No Motive:’ Case Against Ex-UBS Officer Called Weak
Choucair lawyer says that his client wasn’t target of FCA
04/24/2019
Schroders faces investor backlash over family appointment
Glass Lewis also told investors to block the re-election of Michael Dobson as chair, who with responsibility for the board make-up, 'should be held accountable for this failure'.
04/24/2019
Financial Conduct Authority (FCA) publishes feedback statement on Duty of Care
This will form an important part of the FCA’s Business Plan priority for 2019/20 to consider the future of regulation following the FCA’s Mission and as the UK leaves the EU.
04/24/2019
The future of financial conduct regulation
Speech by Andrew Bailey, Chief Executive of the FCA, on the the future of financial conduct regulation, delivered at Bloomberg, London.
04/24/2019
Innovative Guernsey songs fund beats £100 million fundraising target
The placing was oversubscribed in record time and attracted approximately £141.5 million.
04/24/2019
Guernsey lifts suspension on two of Neil Woodford's unquoted stocks
A smaller listing of shares in early stage investor Ombu, held largely by Woodford and his previous employer Invesco, also had its dealing suspension lifted at the same time.