02/23/2024
Abrdn: ‘Advisers will be fearful of any new regime’
Advisers will need to see it is clearly different from if the customer had taken holistic advice.
Legal, Regulation & Compliance
02/23/2024
TPR changes approach to workplace pensions with new functions
From April 2024 the functions will aim to protect, enhance and innovate in savers’ interests.
02/22/2024
The Future of Banking in Malta
The primary challenge for the sector is to run its core functions in a way that achieves its own objectives while meeting the needs and expectations of a plethora of stakeholders in parallel.
02/22/2024
Serious Fraud Office raids three properties and makes four arrests in new £140m property fraud investigation
This is the fourth new investigation launched since Director Nick Ephgrave QPM joined the UK’s specialist anti-fraud agency in September.
02/22/2024
ESG ratings agreement marks a “crucial” step, but “gaps” exist: Efama
ESG rating providers will also not be allowed to provide credit rating, auditing or consultancy services to avoid conflict of interest, it pointed out.
02/21/2024
The Bahamas Removed From The European Union’s List Of Non-Cooperative Jurisdictions For Tax Purposes
The removal of The Bahamas from the EU’s list clearly underscores the significant progress made over the past year
02/21/2024
Preparing for AIFMD II
Implications and actions for firms
02/21/2024
FCA’s Sheldon Mills issues fresh Consumer Duty warning
The deadline for closed products to come into line is July 31 this year.
02/21/2024
FSCS appeals policy changes will ‘create inequality’
The implementation will create an inequality in the distribution of compensation as consumers who have had access to higher levels of education will have a “significant advantage” over those without the same, she also stated.
02/21/2024
Statistical Notice 2024/05
Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder
02/21/2024
King Charles banknotes to enter circulation in June
They will be sold during the summer at auctioneers Spink & Son.
02/20/2024
Guy Flintham pleads guilty to fraud
He falsified documents in order to support some of his claims.
02/20/2024
Linklaters advises Armen on its investment in Jolt Capital
With the strategic and operational support of Armen and its range of services designed to support its portfolio companies, Jolt Capital will be able to expand its action, not only in Europe, but also in North America and Asia.
02/19/2024
Convicted illegal money lender imprisoned for failing to pay confiscation order
The judge warned him that he could serve up to 11 years in prison if he failed to pay.
02/19/2024
FCA secures bankruptcy of Avacade directors
The Official Receiver (or a Trustee in Bankruptcy) will investigate the financial affairs of the bankrupts and administer their estates.
02/19/2024
The digital euro after the investigation phase: Demystifying fears about bank disintermediation
This column focuses on the debate around the impact of a digital euro on bank funding since the announcement of the likely design features and the European Commission published its draft regulation on a digital euro.
02/19/2024
UBS's response to the lawsuit delivered to our law firm
This comprises almost 150 pages plus extensive appendices.
02/16/2024
UK Director Verification Measures Target Financial Fraud
A transition period will be implemented for companies already on the register to comply with the new requirements, after which criminal sanctions or civil penalties may apply.
02/16/2024
Goldman Sachs analyst found guilty of insider dealing and fraud
The total profit generated from trading in these stocks was approximately £140,486.
02/16/2024
Addleshaw Goddard Financial Services & Banking News
The FCA confirms that, in 2023, it continued to increase intervention activity in response to poor financial promotions compliance.