06/24/2019
Big tech in finance: opportunities and risks
The role of big techs in finance raises issues that go beyond traditional financial risks, according to the BIS.
Legal, Regulation & Compliance
06/24/2019
Two jailed in £6.2m boiler room fraud
The fraud squad at City of London Police began an investigation into Bric Global in November 2012 after more than 10 reports made to its fraud reporting centre, Action Fraud.
06/24/2019
Asset managers step up on cost transparency
The company has now added six to this list, bringing the total of exceptional managers to 10.
06/23/2019
Overcoming macroprudential inertia by Martin Taylor
5th Annual Macroprudential Conference, Frankfurt
06/23/2019
IOSCO examines liquidity in corporate bond markets under stressed conditions
The report seeks to increase understanding of how stressed conditions may affect both bond and other financial markets and the financial system more broadly.
06/23/2019
Global Financial Markets Regulatory Review - June 2019 Edition
The discussion paper outlines APRA’s proposals with respect to a number of areas including asset classification and provisioning, credit standards and credit risk management.
06/21/2019
Deutsche Bank woes mount with US money laundering probe
The German bank, which has struggled to revive its fortunes following past misconduct, is facing further scrutiny as the FBI examines a range of potential anti-money laundering lapses following a complaint by a whistleblower.
06/21/2019
Copernico SIM to distribute GSAM Ucits funds in Italy
This agreement will enable us to improve once again the possibilities of diversification and the efficiency of our clients portfolios."
06/21/2019
What is Prod?
Graeme Jones, regulatory policy and technical consultant at Bankhall points out that prior to Prod, the Financial Conduct Authority already provided guidance to firms in the form of the Responsibilities of Providers and Distributors sourcebook.
06/21/2019
How advisers are segmenting clients
With the Senior Managers and Certification Regime only months away, it is more important than ever for advisers and their businesses to recognise and understand the importance of segmentation and ensure it is done right.
06/21/2019
Speech by Mark Carney
Enable, empower, ensure: a new finance for the new economy
06/21/2019
The Investment Limited Partnership
The Irish Government has published a draft Bill to amend the existing Investment Limited Partnership law.
06/21/2019
Independent reviews of Interest Rate Hedging Products and the Connaught Income Fund Series 1
The FCA has appointed Independent Reviewers for the lessons learned reviews commissioned by the FCA’s Board.
06/21/2019
FCA fines Bank of Scotland for failing to report suspicions of fraud at HBOS Reading
The Financial Conduct Authority (FCA) has today fined Bank of Scotland (BOS) £45,500,000 for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based Impaired Assets (IAR) team of Halifax Bank of Scotla
06/21/2019
FMSB issues new Statement of Good Practice on Conflicts of Interest
FMSB members and other interested parties are invited to comment on the proposed Statement of Good Practice before it is finalised by FMSB.
06/21/2019
Adviser raises alarm after DB transfers made to unregulated Malta investments
Hodges, who has brought the cases to Money Marketing’s attention, is currently attempting to retrieve money for clients.
06/21/2019
Legal team advises private bank on wealth manager acquisition
Deal Is Part Of Wealth Management Business’ Growth Strategy
06/21/2019
Former Barclays boss cleared in Qatar fraud case
Mr Varley has been acquitted on both counts.
06/20/2019
Efama welcomes TEG proposals with caveats
In a statement, the chief European fund industry body said: "We welcome that the TEG proposals on the EU taxonomy include transitioning activities which are key to ensure the success of the taxonomy and to enable a transformation towards a sustainabl
06/20/2019
FCA first annual perimeter report
‘We will publish this report annually from now on, in order to highlight issues around the perimeter.’