03/10/2023
FCA takes further action against unregistered crypto ATMs in East London
Crypto ATMs operating without FCA registration are illegal and, as today shows, we will take action to stop this.
Legal, Regulation & Compliance
03/10/2023
Philippe Donnet receives the Foreign Policy Association’s Corporate Social Responsibility Award
The award is a recognition of the Generali Group CEO’s commitment to sustainability
03/10/2023
FCA authorises first Long Term Asset Fund
The FCA is currently inviting views on ideas about how to further improve asset management regulation with a more modern and tailored regime, to make sure the regime takes account of developments in technology and supports innovation.
03/10/2023
ESMA and ACER update Memorandum of Understanding to strengthen cooperation
The MoU notably incorporates new cooperation areas under the market correction mechanism (MCM) Regulation and benchmarks related to the energy sector.
03/10/2023
Norway's wealth fund investigates firms suspected of financial crime
The Norwegian fund is forbidden by parliament from investing in companies that produce nuclear weapons, landmines or tobacco, or that are implicated in crimes such as money laundering, tax evasion or human rights violations.
03/10/2023
4 bankers have been accused of helping Putin launder $50 million
Putin is believed by some to have accrued vast wealth during his time as Russian leader.
03/10/2023
AXA IM gains French crypto licence for tokenised funds
Looks to tokenise funds
03/10/2023
EU regulator should rethink fund labelling proposals, says industry
Definitions in consultation paper need more clarity, according to leading players in the sustainable and impact investing sector.
03/10/2023
Two sides of the same coin – delivering monetary and financial stability timelessly
Speech by Sarah Breeden
03/10/2023
FCA confirms help for mortgage borrowers struggling with payments
Today’s publications build on work the FCA has already done to make sure firms treat customers fairly and support those struggling financially due to the rising cost of living.
03/10/2023
Is it time to scrap the money purchase annual allowance?
The MPAA limit is restrictive if retirees are returning to work, which the government is encouraging
03/10/2023
Hargreaves Lansdown removes fees on Junior and Lifetime Isas
This applies to all Lifetime Isa accounts and is a permanent change.
03/09/2023
‘Failure to prevent economic crime’ duty proposed for UK regulators
Its aims would also be to provide information and advice on whistleblowing, and to act on evidence of detriment to the whistleblower according to any guidance the secretary of state sets out in regulations.
03/09/2023
Bank of England, FCA, PRA and PSR conduct 2022 review of Memorandum of Understanding for payment systems in the UK
Senior representatives from the BoE, FCA, PRA and PSR have considered whether cooperation pursuant to the MoU is working well.
03/09/2023
Treasury announces Mifid II investment research review
City minister Andrew Griffith will announce the review today in a speech at a FIX trading event.
03/09/2023
Central bank chiefs toughen rhetoric against inflation
Powell and Lagarde speak
03/08/2023
Bank CRO’s can boost resilience and build operational efficiencies – takeaways from McKinsey’s CRO survey
At Wolters Kluwer we have long preached the need for a holistic, integrated, institution-wide approach to risk management and the benefits it brings to banks.
03/08/2023
How to bridge the valuation gap in Ireland’s thriving PE market
Challenges to deal-making remain, though – including how to reconcile the different valuations would-be sellers and buyers are placing on target companies.
03/08/2023
Morningstar asks Praemium staff to work longer hours for same pay
They said employees are concerned that they will be worse off in a difficult financial climate with the increasing cost of living.
03/08/2023
Financial Services and Banking News
The Bank is repeating its resolvability assessment of the major UK firms