03/05/2020
Watchdog may investigate banking competition fund
The scheme has attracted criticism after Metro Bank handed back £50m and Nationwide said its business account plan is delayed
Legal, Regulation & Compliance
03/05/2020
Culture is at the centre of 2020’s regulatory challenges
Here are the specific priorities we predict you’ll see this year, and how – all over the compliance landscape – culture will underline many of the changes firms will need to make to meet regulatory requirements.
03/05/2020
UniCredit’s Croatian Unit Probed for Suspicious Transactions
Bank said to be cooperating in Croatian central bank’s probe
03/05/2020
Italian princess loses court case in Curaçao
For years BNP has been conducting legal proceedings against the wealthy Italian Crociani family.
03/05/2020
FCA to scrutinise diversity in culture crackdown
Transforming culture in financial services is a priority for the FCA and should be for firms too.
03/05/2020
Public Trustee pays costs
The question of costs was then considered. DN had incurred legal costs of £82,000.
03/05/2020
MPs grill Bailey over 'explosion' of bullying claims at FCA
The report raised concerns about the upcoming appointment of Mr Bailey as the next governor at the Bank of England, claiming there had been a string of financial losses and failings during his tenure at the FCA.
03/04/2020
Monetary policy an unlikely cure for the coronavirus' - Legg Mason affiliate QS Investors
“Monetary policy is an unlikely cure for the coronavirus.
03/04/2020
'Substantial discrepancies' found in collapsed LCF records
Before it entered administration in January the company raised in excess of £237m from more than 11,500 investors over the course of two years, and it has been embroiled in a scandal since.
03/04/2020
UK watchdog urges advisers to do more to protect clients
The industry will need to ensure these individuals understand the importance of protection products, such as income protection, and to ensure that products are accessible and fairly priced.
03/04/2020
HMRC investigations into footballer tax affairs reaches record level
HMRC is also investigating issues relating to VAT, agents based offshore if there is a suspicion of malpractice and payments to other parties, including when an agent may not receive or keep the entire fee from a player transfer, and instead a number of a
03/04/2020
MiFID II EMT
An overview of the changes for fund products and expectations on the transition plan for the industry.
03/04/2020
UK government urged to create new onshore fund structure for real assets
Rodrigues said the “UK government and regulator representatives have constructively engaged with this initiative” and he is hopeful it will progress to the consultation stage.
03/03/2020
PIMFA on the future of UK supervision - ‘is the FCA fit for purpose?
Individual firm failures erode trust in all regulated firms and undermine consumer confidence at a time when many consumers need financial advice and investment services.
03/03/2020
EBA report on enhanced consistency on institutions’ Pillar 3 disclosures
The EBA is sharing the conclusions from its assessment of institutions’ Pillar 3 disclosures as another step to foster transparency and market discipline
03/03/2020
PRA final policy on supervising liquidity and funding risks
This policy comes into effect on publication of this PS.
03/03/2020
Bank of England passed tech firm for diligence three times
Central bank faces new scrutiny over audio feed leaks
03/03/2020
MiFID II: ESMA publishes annual transparency calculation for equity and equity-like instruments
ESMA’s annual transparency calculations are based on the data provided to Financial Instruments Transparency System (FITRS) by trading venues and arranged publication arrangements (APAs) in relation to the calendar year 2019.
03/03/2020
Nordic funds shun Cayman after blacklisting
With Cayman Islands on the list we will not invest in the jurisdiction going forward"
03/03/2020
BNL BNPP's Scandurra: regulation, tech revolution & CX focus drive Italy's advice sector growth
Regulatory, technological evolution, and emphasis on the customer experience represent the fundamental elements at the basis of the development of investment advisory in a constantly changing market.