09/15/2017
UK's pension investment advisers to face full competition probe
Investment consultants advise pension schemes, charities, endowment funds and insurers on their investment strategy and choice of investment managers and funds.
Legal, Regulation & Compliance
09/15/2017
Asset Management Market Study: FCA makes MIR to the CMA
The FCA has confirmed its final decision to make a market investigation reference (MIR) to the Competition and Markets Authority (CMA) regarding investment consultancy services and fiduciary management services.
09/15/2017
EU to make banks pay to centralize markets supervision
They should coordinate national technological innovation tools such as innovation hubs or regulatory sandboxes.
09/15/2017
Russia’s Central Bank Is Also Skeptical of Cryptocurrency
Central bank not convinced digital currencies are a good idea
09/15/2017
Troubled wealth firm hit with further FCA restrictions
This business, which holds all UK assets on behalf of Beaufort Securities, had £65 million in client money as at December 2016, according to the firm’s latest accounts.
09/15/2017
Iceland May Face New Election After Governing Party Quits Over 'Breach of Trust'
The reason for the split is a serious breach of trust within the government.
09/14/2017
Barclays wins end to US litigation over pre-crisis disclosures
The prospect that the plaintiff's loss was caused by the alleged misrepresentations decreases.
09/14/2017
Herbert Smith Freehills - Financial regulation
HMT policy paper on changes to the scope and administration of the Bank Levy
09/14/2017
Investment consultants to face competition probe
FCA acts on concerns over industry advising on £1.6tn of pension and insurance assets
09/14/2017
Alleged Swiss spy to go on trial in Germany next month
The state had purchased a stolen data CD containing details on German clients of Swiss banks
09/14/2017
Bond Dickinson unveils US combination deal
Drake said that Bond Dickinson had been looking to expand via an alliance as opposed to a full merger.
09/14/2017
7IM makes four recommendations to FCA’s Retirement Outcomes Review
In addition to the rule of thumb, better apps and online tools are needed to help people work out just what all their different savings pots add up to
09/14/2017
Law firms face new exposure to tax evasion charges as Criminal Finances Act nears implementation
Partners warn firms will have to ramp up their due diligence efforts ahead of new legislation coming into force at the end of the month
09/14/2017
Swiss bank lobby urges government to toughen stance on EU equivalence
The association advocates open markets and insists on recognition by the EU of equivalence for relevant Swiss laws.
09/13/2017
FCA webpage on RegTech
The FCA has launched a webpage on RegTech detailing its approach and current activities, including recently developed work programmes.
09/13/2017
Ashurst picks up key role as Bell Pottinger calls in administrators
Hogan Lovells advising Lloyds Banking Group as collapsed PR agency's biggest lender
09/13/2017
Spain probes ICBC’s European unit over money laundering
The Luxembourg unit of ICBC holds the lender’s EU bank licence and is responsible for supervising the Madrid branch.
09/13/2017
Standard Chartered faces bribery accusations over Indonesian subsidiary
The investigation was into whether Standard Chartered took adequate steps to prevent or stop the alleged misconduct.
09/12/2017
Herbert Smith Freehills - Financial regulation e-bulletin
FCA update to MiFID II notification obligations for firms
09/12/2017
US Sues Former Deutsche Bank Executive For Securities Fraud
Defendant Involved in the Sale of Over $1 Billion in Deutsche Bank Residential Mortgage-Backed Securities