05/16/2024
Rules of conduct under FinSA: FINMA launches consultation on new circular
The Financial Services Act (FinSA) has been in force since the beginning of 2020.
Legal, Regulation & Compliance
05/16/2024
Three charged over CFD trading pension fraud
CFDs are a high-risk investment product used to bet on the price of an asset.
05/16/2024
'Finfluencers’ charged for promoting unauthorised trading scheme
CFDs are a high-risk investment product used to bet on the price of an asset, in this case the price of foreign currencies.
05/16/2024
Accountancy watchdog launches probe into UK network firm of Baker Tilly International
It noted that the investigation will be conducted by the its enforcement division under the audit enforcement procedure.
05/15/2024
New Finma director pours fuel on the UBS fire in his first speech
It made sense that Stefan Walter made his first industry appearance before the small bank symposium.
05/15/2024
ESMA Guidelines establish harmonised criteria for use of ESG and sustainability terms in fund names
The Guidelines establish that to be able to use these terms, a minimum threshold of 80% of investments should be used to meet environmental, social characteristics or sustainable investment objectives.
05/14/2024
Industry reacts to pensions dashboards delays report
The National Audit Office launched a year-long investigation into the delays in the delivery of the PDP following a request from parliament last summer.
05/13/2024
EU Policy. How Europe's most vulnerable are hindered from opening bank accounts
In Romania, around three out of ten people over 15 did not own a bank account in 2021, while in Bulgaria and Hungary the number of unbanked people ranged from 12% to 16%.
05/13/2024
Taheer Sardar convicted for providing a forged document to FCA investigators in a £1.3m boiler room fraud investigation
Mr Sardar was interviewed by the FCA as part of an investigation it was conducting into a sophisticated boiler room scam that had defrauded 120 investors of £1.3m.
05/13/2024
UK ‘cookie law’ enforcement not dependent on complaints
The fact that no complaints were made to the ICO by individuals who received emails from JTT formed a core component of JTT’s appeal.
05/10/2024
A&O Shearman advises on six high yield deals in first week post-merger
Strong market technicals, driven by built-up demand and limited new money supply, pushed spreads down, with several deals pricing inside initial price talk.
05/10/2024
Building our societies through lending and savings
They must embrace technology and continue to evolve without losing their community-centred credentials
05/10/2024
Record number of local data breaches reported in single quarter
This is the highest number ever reported in one quarter, with 1,536 people affected.
05/10/2024
ESMA publishes latest edition of its newsletter
An article showing the correlation between social media interactions and stock excess returns at the very short term has also been shared.
05/09/2024
The EBA publishes final draft technical standards under the Markets in Crypto-Assets Regulation
The RTS on authorisation lay down the information requirements to be included when applying for authorisation to offer to the public or seek admission to trading of an ART
05/09/2024
Pensions dashboards rules needed to help firms ‘better support’ consumers
Aegon pensions director Steven Cameron said dashboards have the potential to create a “step change” in pension engagement.
05/09/2024
Bank rate maintained at 5.25% - May 2024
Monetary Policy Summary and minutes of the Monetary Policy Committee meeting
05/08/2024
Ex-CEO of Shard Capital Partners fined and banned by FCA
The decision following two separate instances of providing incorrect information about clients’ cash
05/08/2024
Vistra secures license to deliver fund administration services from Ireland
The license enables us to better serve our clients across Vistra globally, strengthening our foothold within Europe and opening the Irish market so that we can contribute to the growth ambitions of new and existing fund clients.
05/07/2024
TPR sets out plan to protect savers amid pensions market consolidation
It said it will support consolidation in the pensions market where it offers value and security to savers.