10/27/2016
Athena Systems launches Athena Spark for Family Offices
That’s a very compelling time savings for offices that are typically only three to five people,” says Stefano Guarnieri, managing director at Athena.
Legal, Regulation & Compliance
10/27/2016
EMIR – implementing regulation on ITS and revised rules for reporting to TRs
The European Commission has adopted an implementing regulation amending implementing regulation No 1247/2012 on implementing technical standards (ITS) with regard to the format and frequency of trade reports to trade repositories (TRs) according to the Eu
10/27/2016
The impact of Mifid II: Part I
There is also the possibility asset managers could move research in-house or increase the size of their internal research groups.
10/27/2016
UK financial regulator vows to slash FCA rules
It also said it would try to be more proactive in taking action against financial organisations even if what they are doing was not strictly within the FCA’s sphere.
10/27/2016
Spirit of the financial age – 30 years after the City's Big Bang
Banking holds nothing like the appeal it once did for graduates.
10/26/2016
Britain could be 'sleepwalking into the next financial crisis'
Leadership changes and the perception of political interference are in danger of making the FCA into a timid and cowed regulator
10/26/2016
City of London calls for post-Brexit banking rules that aid competitiveness
Backers of Brexit have also voiced hopes that EU rules like caps on banker bonuses will disappear
10/26/2016
MiFID II to spur overhaul of adviser business models
Focus on compliance, fees and risk
10/26/2016
CMA speech on the expected impact of the retail banking market investigation
The Competition and Markets Authority (CMA) has published a speech, entitled "What will be the impact of the CMA retail banking market investigation?", by Alasdair Smith, CMA Inquiry Chair, at the Beesley Lectures on 21 October 2016. T
10/26/2016
The FCA Mission – a consultation
It will inform the FCA’s strategy and day-to-day work over the coming years.
10/26/2016
Investment partners banned by FCA after £45m fraud
The FCA has today banned two individuals from performing any function in relation to any regulated activity in the financial services industry.
10/26/2016
To join or not join: the role of trustees in Family proceedings - Withers
Offshore trustees may find themselves in a quandary when faced with an application that they be joined to proceedings as they have to balance the interests of at least one of the two spouses against their duties to the other beneficiaries.
10/26/2016
GFSC to launch major probe into Enterprise Insurance and its Directors
The GFSC has reason to believe that it may have been significantly and consistently misled about Enterprise’s true financial position.
10/25/2016
Robeco signs up to Taiwan ESG code
Taiwan is an important geography for Robeco.
10/25/2016
Revenue and profit up at Clarion
Profit also increased in the last financial year, rising to £3.48m.
10/25/2016
Watford face fine and points loss over forged HSBC bank letter
Fabricated to appear as though it was written by HSBC, one of the world’s largest banks, the letter was submitted to the Football League
10/25/2016
CRD IV – RTS for benchmarking portfolio assessment standards and assessment sharing procedures
The European Commission has published a delegated regulation supplementing the fourth Capital Requirements Directive (CRD IV). It contains regulatory technical standards (RTS) for benchmarking portfolio assessment standards and assessment sharing procedur
10/24/2016
Brussels event blasts poor-value fund products
Industry accused of overcharging their clients and failing to put investors first
10/24/2016
French bank sued over Gulf tycoon’s signature
A pair of aggressive American hedge funds is suing the French bank BNP Paribas
10/24/2016
Credit Suisse and Italian authorities agree to settle after offshore transfer investigation
A number of unnamed Credit Suisse executives were under investigation by the prosecutors in Italy for alleged money laundering activities.