08/14/2023
Spain nominates Nadia Calviño to run European Investment Bank
Finance minister will face Margrethe Vestager in race for top job.
Legal, Regulation & Compliance
08/14/2023
Credit Suisse Shareholders File Suit in Zurich Court
More than 500 people are behind the lawsuit. Shareholders had suffered heavy losses when the bank was rescued by UBS in March.
08/14/2023
UK-based financial advice firm fails
Lifeboat scheme has received five claims related to pension transfers and Sipps
08/14/2023
L&G set to reveal profit hit as insurers tackle new accounting rules
New rules introduced from January this year are expected to hamper reported profits for insurance firms in the short term.
08/11/2023
The role of housing wealth in the transmission of monetary policy
Over recent years, many advanced economies experienced a significant rise in real house prices that became even more marked during the pandemic.
08/11/2023
Dutch lender De Volksbank faces fine over money laundering safeguards
The bank, which incorporates several smaller Dutch banks such as SNS and ASN, disclosed the findings along with its first-half results.
08/11/2023
Addleshaw Goddard: Financial Services & Banking News
The FCA are also actively engaging the largest payments firms on this topic.
08/11/2023
EY strikes AI deal to help clients fight financial crime
EY has allied with SymphonyAI to help finance clients fight fraud
08/10/2023
FCA finds fund managers’ value assessments significantly improved, but still work to do
Since then, the FCA has worked closely with industry to encourage a greater focus on assessment of value, to drive improved value for money for investors.
08/09/2023
FCA Authorisations operating service metrics 2023/24 Q1
This involves providing an effective and efficient service whilst maintaining high standards to protect customers and to bolster the reputation of the UK market.
08/09/2023
FCA to begin de-banking probe
Following Farage saga
08/09/2023
New FCA rules create a challenge for wealth managers
New consumer duty regulations could bring significant upheaval
08/09/2023
Finma License: «At times, the burden was very high»
But the road was long and rocky. «We started the Finma process in June 2022, so it took a total of almost 14 months,» Wicki told finews.com.
08/09/2023
LEBC Group enters administration as sister company takes over client book
The statement said that this combination brings together the expertise of the two businesses under one brand.
08/08/2023
GAM bidding dispute: Allianz strikes another snag
But now that is also being argued about.
08/08/2023
Greensill debacle could cost Swiss insurers hundreds of millions
This was after Greensill received no insurance cover for loans to companies and the major Swiss bank had to forcibly close its Greensill funds with assets of over 10 billion dollars.
08/08/2023
FCA clarifies advice-guidance difference amidst ongoing review
Firms providing either advice or guidance to investors must comply with the new consumer duty.
08/07/2023
British Finance Sector Wants Delay on New Capital Requirements
They also worry about competition in markets where banks that trade in London compete with those that trade in New York.
08/07/2023
HSBC executive slams ‘weak’ UK for siding with US against China
Sherard Cowper-Coles told attendants at a closed-door event in London in June that Britain would often bow to the demands of Washington and that it shouldn’t blindly follow the US but look after its own interests
08/07/2023
Addleshaw Goddard: Financial Services & Banking News
This data provides an overview of how the FCA is working to improve standards across the market so that consumers are provided with clear and fair financial promotions which are not misleading.