10/18/2022
The FCA stopped 17 firms and seven individuals attempting to obtain a new FCA authorisation in the investment market where phoenixing or lifeboating was suspected.
10/17/2022
As a result, over a two-year period, Gatehouse accepted US$62,000,000 into the account without properly vetting the funds for financial crime risks.
10/17/2022
The lending pilot will enable the firm to test its updated approach, policies and procedures in a controlled environment and demonstrate that its new systems and controls meet our expectations and deliver good outcomes for consumers.
10/17/2022
This would include custody, global custody FX, fund administration, transfer agency, middle office and securities lending.
10/17/2022
Both institutions have failed WEIF investors
10/17/2022
The ECB lifted rates by a historic 0.75 percentage points at its last meeting in September to pull down eurozone consumer prices, which have hit an all-time high.
10/14/2022
This was partly put down to the lack of transparency and complexity of some deals that take place in the sector.
10/14/2022
The discussion paper aims to further the supervisory authorities' understanding and to deepen dialogue on how AI may affect their respective objectives and should therefore be considered within the context of the evolving wider national and internati
10/14/2022
Currently, the UK’s financial regulator generally has oversight of security tokens, stablecoins and other crypto assets that behave like e-money
10/14/2022
The UK LDI market faces tightened standards after the recent intervention by the Bank of England, but Johanna Kyrklund believes these products are not ‘about taking risk’.
10/13/2022
It is stuck between a rock and the hard place in combatting inflation at the same time as fiscal policy causes shockwaves in markets.
10/13/2022
The actions we took were to increase some capacity in that team a little bit, some of it through a third party so we've had paralegals brought in, in order to just help get through that burden.
10/13/2022
Privy Council clarifies the nature and ranking of a former trustee's equitable lien in insolvent trusts
10/13/2022
They can also use a DSAR to ask that certain actions be taken with their data.
10/13/2022
Many of the policies focused on tax cuts, including abolishing the 45p higher income tax rate, a cut in the basic tax rate of 1p in the pound, and the scrapping of the previous government’s health and social care levy.
10/12/2022
Compliance work that has to be done.
10/12/2022
The team was headed by mergers and acquisition specialist Bertrand Géradin
10/12/2022
In new guidance published today, the Financial Conduct Authority (FCA) has set additional expectations for banks that are considering branch or ATM closures.
10/12/2022
Suspension of dealing protects interests of all investors
10/12/2022
The company running the scheme was not, however, regulated by the FCA, and no individuals involved in the scandal were regulated by the City watchdog either.