09/21/2018
FCA bans advice firm chief executive
The FCA found Mr Burns had not identified, and TMI had failed to manage, this conflict of interest.
Legal, Regulation & Compliance
09/21/2018
ICO fines Equifax for data breach
Credit reference agency Equifax fined for security breach
09/21/2018
Outcome of BCBS meeting
The Committee exchanged views on emerging conjunctural and structural risks.
09/21/2018
IOSCO issues policy measures to protect investors of OTC leveraged products
The measures in the three toolkits draw largely on IOSCO members’ experiences and practices.
09/20/2018
New trustee licensing requirements on the horizon
The act will fundamentally overhaul the existing financial services regulatory framework and create a new supervisory regime governing all financial institutions.
09/20/2018
Third Belgravia fraud suspect back in Jersey to face charges
From the Philippines to the Channel Islands
09/20/2018
Dear CEO LIBOR letter
These letters were sent to the largest banks and insurers in the first instance.
09/20/2018
Joint statement: Inaugural meeting of US-UK Financial Regulatory Working Group
This cooperation is especially important given transition in the UK’s regulatory relationships as it withdraws from the European Union.
09/20/2018
EU banks funding plans indicate increased appetite for client deposits and market-based funding in the coming years
The reports aim to provide important information for EU supervisors to assess the sustainability of banks' main sources of funding.
09/20/2018
IOSCO guidance addresses conflicts of interest and conduct risks in equity capital raising
IOSCO today published the final report on Conflicts of interest and associated conduct risks during the equity capital raising process
09/20/2018
Wayne Rooney facing multi-million pound bill over controversial tax avoidance scheme that has gone bust
The footie star, who is settling into a new home in the US following his move to MLS side DC United, used film investment partnership Invicta 43 to shelter a total investment of around £12.5million
09/19/2018
Few countries are pricing carbon high enough to meet climate targets
New carbon pricing initiatives in some countries, such as China’s emissions trading scheme and renewed efforts in Canada and France to price carbon, could significantly reduce these gaps.
09/19/2018
Politician arrested in London for ‘money laundering’
The couple allegedly controls a UK property portfolio with more than 8 million pound for which they appear to have no legitimate source of income.
09/19/2018
Brexit: Michel Barnier backs Spain in battle for Gibraltar tax clampdown
While the socialist government does not want to use its veto, agreed during Brexit talks last year, to lay claim to the sovereignty of Gibraltar, it does want to secure concessions.
09/19/2018
Spain rejects extraditing HSBC whistleblower to Switzerland
Hervé Falciani leaked details of HSBC clients whom he said he suspected were evading tax
09/19/2018
moneycorp expands US presence
The US investment is an integral part of moneycorp’s international expansion strategy
09/19/2018
The Benefits of European Supervision
Other regulatory factors are also hampering cross-border integration.
09/19/2018
Pru and Old Mutual avoid sanctions after FCA closed-book review
Abbey Life, Countrywide, Old Mutual, Police Mutual, Prudential and Scottish Widows were singled out for further review.
09/19/2018
Companies withhold diversity data from investors
From January, UK companies will be obliged to offer more detailed reports on diversity, outlining corporate objectives and initiatives and detailing the nomination process for boardroom candidates.
09/19/2018
KPMG admits misconduct on BNY Mellon reports, says watchdog
A disciplinary tribunal will be convened to decide what sanctions should be imposed, the FRC said, adding that no client money or assets were lost as a result of the misconduct.