01/16/2019
FCA shifts focus to Mifid product governance
All that work is a product of our supervisory work as to how effective the application of Mifid II has been
Legal, Regulation & Compliance
01/16/2019
ESAs announce multilateral agreement on the exchange of information between the ECB and AML/CFT competent authorities
The Agreement will create a clear framework for exchanging information between the ECB and CAs and potentially will enhance the effectiveness of their supervisory practices.
01/16/2019
269 funds culled from biggest Swedish fund platform
Of those 533 funds, some 512 are ones that previously were available on the platform.
01/16/2019
Carey Olsen is top TISE listing agent
Carey Olsen partner Simon Marks said: "It has been another outstanding year for Carey Olsen Corporate Finance Limited on The International Stock Exchange.
01/16/2019
Luxembourg and Hong Kong regulators ink mutual fund recognition agreement
MRF operates on the principles that, in respect of a Luxembourg Covered Fund that has been authorised by the CSSF and is seeking or has received authorisation for offering to the public in Hong Kong
01/16/2019
Maitland acquires legal advisory firm
Our legal services offering in Monaco will be headed by Peter Walford, who brings to Maitland a large network of high net worth clients and intermediaries based in Monaco and elsewhere.
01/16/2019
Credit Suisse Off the Hook in U.K.
The move takes pressure off Credit Suisse, which has found itself mired in scrutiny over the deals.
01/15/2019
Fund manager banned from drinking at work events after 'lewd' text allegations. Silicon Valley fortune seekers coming back to Wall Street
The company seems to have agreed that this isn’t any way to behave; as a result of the text message and another unspecified incident, they cut Michel-Verdier’s bonus and banned him from drinking at company sponsored events for a year.
01/15/2019
DeVere & Partners UK to compensate Qrops client
Annual fee of £1,000 prompted ombudsman complaint
01/15/2019
Selectapension DB outsourcing business enters liquidation
Suspended service in 2017
01/15/2019
Ogier advises TMF Group on purchase of State Street’s Private Equity and Real Estate business
This was a complex, multi jurisdiction transaction that required expert knowledge across a range of specialisms
01/15/2019
Channel Islands Funds Quarterly Legal and Regulatory Update Q4 2018: 1 October - 31 December 2018
Under the proposed changes to the Codes, the JFSC expressly provides that it will expect such cover to be in place for a period of between three and six years, which appears to be an extension to previous expectations regarding run off cover.
01/15/2019
The End of the Beginning By Guy Stephens, Technical Investment Director at Rowan Dartington
There is always room for manoeuvre as we have recently seen regarding the Italian budget where the newly elected populist, anti-EU government originally tabled a high spending deficit budget.
01/15/2019
Former Barclays bosses deny fraud over £6bn Qatar fundraising during the financial crisis
The case was brought by the Serious Fraud Office
01/15/2019
Dechert Wins Multiple Honors
Dechert has also led Purdue Pharma’s national defense strategy in more than 1,400 federal and state lawsuits arising from the marketing of opioid medications.
01/15/2019
European Central Bank must allow full scrutiny of banking supervision, say Auditors
Banking supervision entails significant risks to the public purse, say the auditors, but they will not be in a position to carry out a proper audit of these activities unless the ECB adjusts its stance regarding access rights.
01/15/2019
UK government delays British Overseas Territories' deadline for public ownership
Overseas territories worried that the 2020 timetable for disclosure requirements would lead to an exodus of business moving towards more secretive tax havens.
01/15/2019
£1m diamond ring seized in multi-million shopper probe
The ring is described as an 8.9 carat "emerald-cut diamond
01/15/2019
Barclays on wrong side of history with climate policy, says Greenpeace
Environmentalists attack rules that fail to ban funding oil projects linked to tar sands
01/15/2019
Governors and Heads of Supervision endorse finalised market risk capital framework and Basel Committee work programme
By contrast, the framework issued in 2016 would have resulted in a weighted average increase of about 40%.