11/19/2024
FCA bans director following grievous bodily harm conviction
Mr Harris continued to mislead the FCA during a telephone call, failing to mention that he was actually in prison at the time.
Legal, Regulation & Compliance
11/19/2024
ECB split on publishing report on EU-US capital needs gap; Trump expands list of potential US Treasury secretary picks
Plus: Australian regulator files penalty proceedings against NAB, and more
11/19/2024
Market abuse and restitution orders: challenges for FCA policy
James examines the potential for the FCA's use of its powers to order restitution for market abuse against a listed or publicly traded company/issuer to undermine the liability regime
11/19/2024
Financial stability in the euro area
Against a background of heightened uncertainty, our upcoming Financial Stability Review highlights three main vulnerabilities that shape the euro area outlook.
11/18/2024
FCA statement on the Chancellor’s Mansion House speech
The UK’s asset management, hedge fund and private equity sectors continue to be the largest in Europe, alongside our insurance and long-term savings market.
11/18/2024
St. James’s Place ‘welcomes’ next phase of the Advice Guidance Boundary Review
Targeted Support should provide a framework that enables consumers to make better-informed decisions
11/18/2024
Industry reacts to UK Chancellor’s Mansion House speech
The speech came after only the day prior, Swedish fintech company, Klarna, chose to list in New York and not London
11/18/2024
PFS apologises after AGM voting error
During the live voting, Lumi mistakenly gave members the option to vote for former PFS president Anthony Ward, who stood down in September, instead of Brown.
11/18/2024
Regulators issue joint statement on clear client communication
The aim of the guidance is to strengthen consumer trust and enable informed financial decision-making.
11/18/2024
ESAs Publish 2024 Report on Disclosure of PAIs Under the SFDR
The SFDR contains the obligation for firms to state if they consider PAIs of investment decisions on sustainability factors and give information on PAIs in respect of all their investment portfolios. Smaller firms can opt out of this obligation.
11/18/2024
Thousands more join lawsuit against Hargreaves Lansdown over Neil Woodford fund
The lawsuit alleges that Hargreaves continued to promote Woodford Equity Income Fund (WEIF) until its collapse in 2019
11/18/2024
Close Brothers faces key meeting over car finance scandal
There are also concerns the contagion could spread to other forms of consumer credit such as home and car insurance.
11/15/2024
Cyprus transfer pricing legislation and documentation requirements
The new regulations cover all transaction types between related parties exceeding certain thresholds per category of transaction
11/15/2024
Evelyn Partners team welcomes High Court ruling on London Capital & Finance
Between 2013 and December 2018 LCF raised a total of over £237 million from about 11,600 bondholders.
11/15/2024
Schroders welcomes Mansion House proposals
he Chancellor has also announced proposals focused on supporting the UK as a leading centre for Green Finance.
11/14/2024
Federal Council approves FINMA's strategic objectives and meets with its senior management
The approval of the strategic objectives and the annual meeting are two important steering tools for the Federal Council with regard to FINMA.
11/14/2024
FCA to consult on extending the time motor finance firms have to handle commission complaints
The proposals are expected to be published within 2 weeks and, if taken forward, would mean the complaint extension is in place by mid-December 2024.
11/14/2024
Bank of England's Mann sees inflation pressure keeping rates high
Last week the BoE revised up its inflation forecasts due to a higher minimum wage and short-term fiscal stimulus in the first budget of the new Labour government.
11/14/2024
Bank of England to hear the views of local people in Birmingham about the cost of living
The event is designed to gather information from local people, which will complement existing data and analysis, and help inform the Bank’s policy decisions.
11/13/2024
The EBA consults on Guidelines on proportionate retail diversification methods
The Consultation paper follows the recommendations from the EBA Advisory Committee on Proportionality for 2024 in the credit risk area The consultation runs until 12 February 2025.