05/25/2018
Banks Caught in Data Dilemma as EU Pulls Them in Two Directions
The apparent clash has prompted head-scratching over how these requirements are going to work together.
Legal, Regulation & Compliance
05/25/2018
Technology and global ties: turning the tide on financial crime
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the Anti-Money Laundering TechSprint, London.
05/25/2018
Remuneration and performance management of sales staff (SYSC 19F)
The provisions in SYSC 19F largely affect staff who would not otherwise be captured as MRTs under the Codes.
05/25/2018
Investors warned on robo-advisers as watchdog finds some are 'potentially misleading' customers on fees and advice for their investing service
Investment firms can offer different levels of service
05/25/2018
Husband and wife banned after abusing insolvent company’s assets
A married couple who were directors of an independent financial advice company have been disqualified for taking assets from an insolvent company.
05/25/2018
Deutsche Bank exits Poland and Portugal, new focus on Spain and Italy
Meanwhile, the Deutsche Bank stock continues to lose on the Frankfurt stock exchange.
05/24/2018
Cayman to bring fight over BO to local courts
He said that under no circumstances would the Cayman government engage with any British officials that may seek to establish a public beneficial ownership register.
05/24/2018
European Wealth Wins US Approval For Newbridge Acquisition
On Friday it asked KPI to convert a proportion of its convertible facilities provided to European Wealth into shares in order to strengthen the group's balance sheet.
05/24/2018
Aviva admits it overcharged 50,000 customers
In a statement to Times Money, Aviva said that about 50,000 customers had been affected and that “the vast majority” had overpaid by £100 or less.
05/24/2018
HMT speech: CBI Annual Dinner 2018
The Chancellor of the Exchequer, Philip Hammond's speech at the Confederation of British Industry Annual Dinner 2018.
05/24/2018
French bank ordered to pay back German lender millions in massive tax fraud case
A committee of the German parliament estimated the cost to the public purse mounted as high as one billion euros before the practice was outlawed in 2012.
05/24/2018
Building Societies and the Future of Retail Banking
Speech by Jonathan Davidson, Director of Supervision – Retail and Authorisations at the FCA, delivered at Building societies annual conference 2018, Manchester.
05/24/2018
House of Lords paves way for OT public ownership registries
The amendment brought in the House of Commons at the end of April attracted strong criticism from the overseas territories governments, given that orders in council are only issued in extremely rare circumstances, typically involving the implementation of
05/24/2018
GDPR: Why everyone is freaking out over four letters | CNBC Reports
What’s all this talk about GDPR?
05/24/2018
A Dutch Treat? Some Lawyers See Netherlands as Next Class Action 'It' Spot
There are a number of reasons for lawyers representing plaintiffs and defendants to believe that Dutch courts could become an ideal overseas venue to resolve class action disputes. But uncertainties still abound.
05/23/2018
Isle of Man set for boost from Code of Conduct: Pickering
“Established for over 30 years the Life sector is a vital part of the Island’s economy and over 17% of GDP,” he said.
05/23/2018
Carey Olsen advises SVP on acquisition of Vita Group
The Carey Olsen team assisting SVP on the various corporate and finance aspects of the transaction included partner Nick Bullmore and counsel Dylan Wiltermuth from the firm's Cayman Islands office
05/23/2018
FCA puts robo advisors to the test...and finds them wanting
The first review looked at 7 firms offering automated online discretionary investment management.
05/22/2018
FCA: robo failing on suitability and clear charging
It added that some firms did not ask about clients knowledge and experience at all, falling foul of rules about on discovery.
05/22/2018
Seizing the GDPR Advantage: From mandate to high-value opportunity
Look beyond the compliance side of the GDPR