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
Legal, Regulation & Compliance
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.
05/30/2018
Private equity firm Bowmark Capital buys £35m contract lawyer business LOD
LOD, formerly lawyers on demand, was founded in 2007 by Simon Harper who was then a partner in legacy BCLP.
05/30/2018
5 things investors must watch as Italy turmoil shakes global markets
Credit rating downgrades, a new round of elections among the threats
05/30/2018
Global financial markets buffeted by Italy’s political crisis
Central bank chief warns politicians as Di Maio calls for coalition talks to restart
05/30/2018
Ex-hedge fund boss and Russia critic Bill Browder released after arrest in Madrid
Outspoken Putin critic tweeted arrest from back of police car
05/30/2018
ESMA publishes final guidelines mifid ii suitability requirements
The Guidelines, by supporting a consistent and harmonised application of the requirements in the area of suitability, will ensure that MiFID II’s objectives are achieved.
05/30/2018
Finance Litigation: The Latest Cases And Issues - May 2018
Gowling WLG's finance litigation experts bring you the latest on the cases and issues affecting the lending industry
05/30/2018
Wealth managers face ongoing compliance challenge to limit GDPR costs
Avoiding financial penalties
05/30/2018
Major lawsuit taken against Liberty Sipp
A law firm has issued more than 30 cases against self-invested personal pension provider Liberty Sipp, claiming it is the biggest lawsuit ever taken against the provider.
05/29/2018
Swiss Re 'open' to anchor investor as SoftBank talks fail
The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re, though the two companies said Monday they may yet agree to collaborate on some businesses.
05/29/2018
Radical reform: Switzerland to vote on banking overhaul
Supporters promise the proposal will end boom-and-boost, but critics say it is a dangerous experiment
05/29/2018
Privacy – it’s not all about money
On 1 May, a high-profile debate in the UK House of Commons passed a set of amendments to the Sanctions and Anti-Money Laundering Bill that brought the issue of beneficial owners of companies, and public registers, back into the spotlight.