08/22/2018
FCA CP on CMCs: Recovering the costs of regulation and the FOS
This paper sets out our proposals for recovering the costs of regulating claims management companies when applications open for temporary permissions on 1 January 2019.
Legal, Regulation & Compliance
08/22/2018
Fraud and scams: a moving picture
This makes it harder for us to reach an answer both sides are happy with.
08/22/2018
Is naming and shaming tax defaulters an effective tax evasion deterrent? Sarah Saunders and Mike Down
Despite concerns from some Conservative MPs, Chancellor of the Exchequer Philip Hammond seems to be ruling out reforms to business rates although arguably these could have a greater influence on high streets up and down the country than the ‘Amazon
08/22/2018
Business connected to chartered firm declared in default
The two firms also share a number of members of staff, some of whom are still involved with Greystone Financial Services, according to the Financial Conduct Authority's register.
08/22/2018
Former UBS rogue trader avoids immediate deportation
Adeboli is currently involved in lecturing and mentoring projects
08/22/2018
GDPR – 28% of organisations still not prepared
“The deadline has now come and gone, yet the study shows that many organizations aren’t sure they have achieved GDPR compliance,” said Terry Ray, CTO of Imperva.
08/21/2018
Former UBS trader calls for police investigation into alleged assault
‘I want some form of justice — he wronged me’
08/21/2018
Regulatory cooperation needed post-Brexit to combat EU-based scammers, says PMI
PLSA policy lead for engagement, EU and regulation James Walsh said a "more ambitious approach" was needed to "fully protect savers".
08/21/2018
ECB hits Crédit Agricole with nearly €5m in fines
Crédit Agricole said it had “taken due note of the grievances it had been notified of” and that it “reserved the right to challenge these sanctions.
08/21/2018
Appleby's head of Private Clients & Trusts nominated for ‘Trusted Advisor of the Year’
There are only five individuals nominated for this prestigious award.
08/21/2018
FOS: Complaints data update
The feedback statement included commitments to work with stakeholders to explore a new measure of cases received per 100 FCA-reportable complaints, and to report some resolved PPI complaints by volume only for a limited period.
08/21/2018
AFME/Euro IRP: Guidelines on UK IPO process
This document sets out how unconnected analysts can participate in the IPO process and how issuers and Firms can implement either option above.
08/21/2018
FCA exempts ambulance chasers from FSCS
For this reason, we have decided to collect a substantial proportion of our project costs in the first year
08/21/2018
Helping Russia against Browder will be costly for Cyprus, lawyer says
Should Cyprus continue cooperating with Russia, Browder could be convicted in absentia which damages his reputation
08/21/2018
Scot put on FBI most wanted list for investment fraud
Precious metal scam defrauded $400,000 from at least 12 victims
08/20/2018
Dawood Ibrahim's finance manager Jabir Moti nabbed in London
He was arrested by the officials of the Charring Cross Police Station in London.
08/20/2018
EU may force banking jobs away from UK after Brexit, warns City boss
Standard Chartered’s Tracy Clarke says tougher demands could see more jobs than planned shift to Frankfurt, Paris and Dublin
08/20/2018
Billionaire racehorse owner launches court case against Lloyds Bank subsidiaries
Trevor Hemmings’ Manx Capital was among a group that secured a £200m settlement from RBS in 2017
08/20/2018
Expats fear for their life savings after collapse of foreign exchange firm Premier FX
The firm suspended business on July 27
08/20/2018
Controversial Russian company mulls moving from Jersey
The board said that registration in Russia appeared to be in the best interests of the company and its shareholders