09/15/2022
'The SNB rate hike slapped the ECB in the face': PineBridge chief economist
‘Negative interest rates were really dumb,’ according to Markus Schomer.
Legal, Regulation & Compliance
09/15/2022
Former James Hay employee launches consumer duty service
Then in tandem, the other survey will gather data from customers on their interactions with the company.
09/15/2022
Ex-Woodford director's firm no longer holds FCA approval
Curated Capital removed from register
09/15/2022
UK's Kwarteng considering end to cap on banker bonuses
An EU-wide cap on bankers' bonuses was introduced following the financial crash and remains in place in Britain despite the country leaving the bloc.
09/15/2022
Danske Bank fined €1,820,000 by Central bank of Ireland for multi-year AML deficiencies
Anti-money laundering and countering the financing of terrorism compliance is, and will remain, a key priority for the Central Bank.
09/14/2022
FCA decides to impose conditions on takeover of Link Group
The FCA has investigated the circumstances leading to the suspension of the WEIF and is likely to seek to require LFS to pay a financial penalty and/or consumer redress.
09/14/2022
Link/Dye & Durham deal affected by UK regulatory action
The FCA has therefore decided to approve D&D’s acquisition of LFS, subject to a condition to commit to make funds available to meet any shortfall within LFS in the amount available to cover any redress payments LFS may be required to make.
09/14/2022
Authority for entering into a contract in Ireland
The business of a company is managed by its directors acting collectively.
09/14/2022
Banks and technology partners join EU-wide pilot of digital IDs
The consortium’s proposal focuses on payments, one of the top priority use cases in the EU’s digital ID wallet vision.
09/13/2022
Parties scrapped and bells toll as UK finance sector pays respect
The Bank of England set the tone swiftly after the Queen died on September 8
09/13/2022
FCA seeks £306m Woodford redress bill from Link
The regulator said the decision was not final and could be challenged by Link.
09/13/2022
RBC’s £1.6bn Brewin deal jumps final regulatory hurdle
Royal Bank of Canada's mega deal for Brewin Dolphin has received approval from the Canadian regulator, with the takeover set to complete later this month.
09/12/2022
EBRD and DSK Bank strengthen competitiveness of firms in Bulgaria
The two partners are reactivating and increasing an unfunded risk participation framework agreement from €30 million to €75 million.
09/12/2022
European pension funds must start clearing next year – EC
Exemption preventing pension funds from mandatory clearing will come to an end permanently in June 2023
09/09/2022
ECB interest rate hike is a sideshow to the increasing
More important is the disappointing lack of news on measures to be deployed to reduce the risk of another sovereign debt crisis.
09/09/2022
Are you a UK Limited Company Sole Director?
It has long been acknowledged that two of the UK ‘Model Articles’ for limited companies appear to be in conflict with one another.
09/09/2022
ECB raises rates by 75bps
The move, which had been expected and was already priced into bond markets, came despite concerns over a possible recession in the eurozone.
09/09/2022
Steph Wilcox: Will pensions dashboards be the perfect advice match?
The pensions dashboard opens up real opportunities for financial advisers, with technology inevitably at the forefront of the charge
09/09/2022
FCA outlines its updated approach to alternative asset management supervision
The FCA acknowledged that most firms in the alternatives space deal with professional clients, and those firms should expect the FCA to supervise them proportionately.
09/09/2022
Better Retirement Group under investigation by FSCS
The FSCS cannot yet confirm the number of claims against the firm.