06/04/2018
Clydesdale-owner courts Virgin Money with fresh £4bn merger bid
The two companies are in talks this weekend about using Virgin Money name across their operations, Sky News learns.
Legal, Regulation & Compliance
06/04/2018
Companies and pension funds must disclose climate change risks to their businesses, say MPs
Current rules encourage short-term thinking while neglecting concerns such as sustainability, says Environmental Audit Committee
06/04/2018
Offshore law firm breaks into top three for LSE clients
The Corporate Advisers Ranking Guide show that with 101 LSE listed clients, Carey Olsen has comfortably more than double the number of the next nearest offshore law firm.
06/04/2018
Russian police considers putting Deutsche Bank ex-top manager on wanted list
Wiswell was responsible for transferring ‘dirty’ money from Russia through Deutsche Bank.
06/04/2018
Law firm Mogers Drewett launches specialist financial planning partnership
“By offering a combined financial and legal advice package, we aim to provide a fully-rounded service with the best possible advice, all under one roof.
06/04/2018
Struck-off adviser cheats investor out of £35k
The defendant had fobbed the investor off with excuses whenever he asked for his money back
06/01/2018
ECB: Financial Stability Review May 2018
The financial stability risk index (FSRI) predicts the near-term recessionary effects of financial stress
06/01/2018
E-money Directive: Falkenhahn AG v the Liechtenstein Financial Market Authority
The provisions of the Electronic Money Directive that are relevant to the present case contain references to two other directives.
06/01/2018
EFAMA publishes new Stewardship Code
The EFAMA Stewardship Code highlights how, through stewardship, asset managers can encourage best business and management practices in companies on environmental, governance, human rights and social challenges.
06/01/2018
STM Gibraltar review set to finish in ‘coming days’
In a statement on its website earlier today (1 June) STM said it was still working with Deloitte, which is carrying out the review, and the Gibraltar Financial Services Commission in order to finalise the ‘skilled person report’ which is simil
06/01/2018
Cayman Islands: UK ‘will consider’ constitution changes
No walking back ‘act of parliament’
06/01/2018
BASEL III: Complying with disclosure requirements, pillar three
At SS&C, we have developed a solution for asset managers that incorporates all template requirements as well as other plausible data requirements
05/31/2018
FCA changes could fail to budge pre-RDR investors
Financial Conduct Authority changes that allow asset managers to more easily switch investors between share classes could still see a minority of investors refusing to budge.
05/31/2018
US Mounts Major Global Money-Laundering Campaign
It is uncertain how much of the new assertiveness can be traced to the US initiative.
05/31/2018
UK regulator punishes advice firm for register failure
The Financial Conduct Authority has taken strong action against a financial advice firm by cancelling its permissions after it failed to submit its regulatory returns.
05/31/2018
The seven year itch
The Act also places an onerous obligation on companies to ensure that they have adequate procedures in place to prevent bribery.
05/31/2018
Use of behavioural insights may help educate investors, say IOSCO/OECD
The accelerated growth of new and innovative technologies, an excessive amount of available financial information, and increasingly sophisticated financial products make it progressively more difficult for retail investors to navigate today’s comple
05/31/2018
Life after MiFID II and GDPR – new research reveals the future of compliance
Every new rule and regulation can ultimately be turned to commercial advantage, with 93% of respondents saying that compliance could be used strategically
05/31/2018
Troubled £21m pension firms wound up in High Court
Investigations found a total of at least £21m was invested into the schemes through tactics such as cold-calling.
05/31/2018
FCA publishes outcome of high-cost credit review
The Financial Conduct Authority has announced new proposals designed to protect millions of people who use overdrafts and high-cost credit.