02/08/2016
Intercommerz, Russia's No. 67 bank by assets and No. 34 by retail deposits, failed to assess risks adequately and was involved in "dubious transit operations
02/05/2016
Bank says the cap, which limits bankers’ bonuses to 100 per cent of their salaries, has had the unintended consequence of increasing fixed pay and limits the ability to claw back bonuses in the event of wrongdoing
02/04/2016
On 27 January 2016, the FCA issued a statement to clarify an issue that there is uncertainty in the market as to whether an individual in charge of a firm’s legal function requires approval under the new Senior Managers Regime (SMR) when it enters i
02/03/2016
Esma studied the performance and disclosure documents of 2,600 funds across Europe over 2012-2014 and found that between 5 and 15 per cent of retail equity funds “could potentially be closet indexers”.
02/03/2016
Two senior compliance staff hired by HSBC Saudi Arabia, a subsidiary of the main British bank, have unaccredited business degrees, a Channel 4 News investigation finds.