11/05/2024
PFS members urged to vote in upcoming AGM
Chartered financial planner Alasdair Walker – who set up a group called Our PFS to “protect the future” of the professional body – sent out an email to members, urging them to vote.
Legal, Regulation & Compliance
11/05/2024
A&O Shearman on Danske Bank’s public interest judicial agreement
The resolution of such a high-profile case really underscores our legal expertise in criminal law and our capability to handle complex and high-stakes legal matters”.
11/04/2024
ESMA guidelines prompt Irish funds rebranding question
On 21 August, ESMA published finalised guidelines regulating the use of environmental, social, and governance (ESG)-related and sustainability-related terms in fund names.
11/01/2024
FCA bans Steven Hodgson and Paul Adams for pension transfer advice failings
They are also banned from holding any senior management function in a regulated firm.
11/01/2024
PS17/24 – Responses to CP6/24: OCP policy statement
The ‘Changes to draft policy’ section of this chapter refers to that explanation, taking into account consultation responses where relevant.
11/01/2024
FCA prepares to take action over Crispin Odey’s ‘lack of integrity’
The FCA issued a notice that Odey’s behaviour towards the firm he founded Odey Asset Management and the regulator ‘lacked candour’.
11/01/2024
Regulatory compliance a burden for UK investment advisers, RSMR survey shows
This suggests the need for process improvements or further resources to effectively manage these compliance challenges.
10/31/2024
The EBA asks for input to entities falling within the scope of initial margin model authorisation under the revised European Market Infrastructure Regulation
All entities of a group that are subject to this requirement are expected to fill in the survey separately, at entity level.
10/31/2024
The ESAs finalise rules to facilitate access to financial and sustainability information on the ESAP
These ITS are the first milestone for the successful establishment of a fully operational ESAP.
10/31/2024
Guernsey investment funds show growth in 2024
This represents an increase of £6.9 billion (2.9%) and £2.8 billion (5.7%) respectively in the past year.
10/30/2024
PIMFA welcomes 600 professionals at launch of customer vulnerability guide
The event began with welcome remarks from Paul Geddes
10/30/2024
Rising to the occasion on private markets
Too much yeast, the bread over-inflates and collapses; too little, and you’ve got a flat, unappetising mess.
10/29/2024
Charles Russell Speechlys warns of jurisdiction disputes amid UK Budget tax reforms
Family law can be far more complex for those in UK moving to Italy, Switzerland and Dubai
10/29/2024
FSCS declares two firms in default
One was rejected and the other upheld, both relating to pension transfer advice but are not British Steel related.
10/29/2024
Andrew Bailey: The future of money and payments
The views expressed in this speech are those of the speaker and not the view of the BIS
10/29/2024
The EBA consults on draft technical standards for structural foreign exchange positions
A public hearing will take place in the form of a webinar on 3 December 2024
10/28/2024
Exploring wholesale digital payments: Deutsche Börse Group at the ECB trials
Together with leading institutions, infrastructures and fintech businesses, Deutsche Börse Group contributes to this transformative endeavour with its Clearstream and Eurex Clearing businesses.
10/28/2024
ECB's Knot: Central bank should keep open mind on next rate cut
On the one hand, policy restriction may be reduced more quickly if incoming data indicates a sustained acceleration in the speed of disinflation or a material shortfall in the economic recovery.
10/25/2024
Vulnerability is not a buzzword
Speech by Graeme Reynolds, director of competition, delivered at the Personal Investment Management & Financial Advice Association's (PIFMA) Wealth Vulnerability event.
10/25/2024
As pension complaints increase, are master trusts working?
There has been a 27% increase in pensions complaints in 18 months