08/17/2017
Platforms under FCA scrutiny defend fund picks
Affiliated funds were also less likely to be removed from buy lists.
Legal, Regulation & Compliance
08/17/2017
Tribunal fines Blackburn solicitor over £1.6million funding agreement misconduct
The Solicitors Regulation Authority told the hearing Ms Virmani had 'failed to maintain the trust the public placed in her' as well as 'failing to run the business effectively'
08/17/2017
Deutsche Börse probe widens to all of top management
Prosecutors, state regulator and financial watchdog now examining German stock exchange
08/17/2017
Nordea and Danske Bank being investigated for money laundering
It is especially Danske Bank in Estonia, which the backers have sent the money laundered to.
08/17/2017
Increasing defined benefit pensions: how should trustees and employers proceed?
Employers and trustees are struggling to know what to do.
08/17/2017
Blacklisted tax havens could face four types of sanctions
The document also stated that sanctions imposed by EU member countries should be “appropriate in the context of their national tax legislation.
08/17/2017
UBS loses senior quant risk specialists as juniorisation hits the middle office
These senior departures at UBS come at a time when demand is picking up for senior risk professionals with an understanding of model validation.
08/17/2017
Banco Popular investors launch legal bid to annul fire sale to Santander
The bondholders are not seeking specific damages.
08/17/2017
European Union To Link Emissions Trading System With Switzerland
The EU ETS is based on a ‘cap and trade’ system in which a cap is set on the total amount of certain greenhouse gas emissions that are allowed to be emitted by installations covered by the EU ETS.
08/17/2017
FDIC sues Barclays, RBS and other banks over Libor
Agency claims failed US lenders lost money because rate was manipulated downward
08/17/2017
New FCA advice definition keeps providers shackled
The FCA and industry to work together to find a way forward.
08/16/2017
Herbert Smith Freehills - Financial regulation update
MiFIR: draft Commission Delegated Regulation on package orders
08/16/2017
OneCoin Promoters Fined €2.6 Million by Italian Consumer Watchdog
The companies were sanctioned for utilizing pyramid scheme tactics and misleading investors through promotional materials and events.
08/16/2017
FRC consults on non-financial reporting guidance
High quality reporting enhances transparency and trust in business.
08/16/2017
PwC Fined $6.6 Million in Largest-Ever Sanction From Regulator
The admitted acts of Misconduct include failures to obtain sufficient appropriate audit evidence and failures to exercise sufficient professional scepticism.
08/16/2017
The UK company: a tax-efficient business vehicle for international investors
This article is the third of a series of articles that examines tax aspects of the UK company which make it an attractive international business company, or “IBC”.
08/16/2017
UK banks behind schedule in post-Brexit preparations - ECB
Frankly, the banks are not as far advanced as we would like them to be,” Sabine Lautenschlaeger, who represents the ECB’s supervisory arm on the board, said in a newsletter article.
08/15/2017
Do Mifid II and the GDPR have conflicting aims?
Mifid II brings a much higher set of expectations around conversation monitoring than previous legislation.
08/15/2017
FOS pension transfer and Sipp complaints rise
Half of the cases that made it through to an Ombudsman ruling were upheld.
08/15/2017
Wrongful Arrests Cops probing ‘Putney Bridge jogger’ reveal a SECOND man has been wrongly arrested after millionaire cleared of pusher crime hits out at police
Eric Bellquist says his wrongful arrest has left him 'very upset'