10/31/2016
Britain awash with dirty money, says anti-corruption think tank
Detectives say this figure is merely the tip of the iceberg.
Legal, Regulation & Compliance
10/31/2016
SEC asked to resolve research rift between Europe and US
Investors must instead make research payments out of their own resources, or set up special "research payment accounts".
10/31/2016
The FCA should consider banking fines to fund FSCS levy’ - Derek Bradley
Over the last century or two the nation’s wealth and success was built on our vast below ground natural resources.
10/28/2016
Asset segregation regs causing fragmentation, says Northern Trust
The introduction of regulations such as CSDR, UCITS and AIFMD have led to divisions in asset segregation according to an industry expert.
10/28/2016
The regtech headache of going digital
That is not quite so easy with digital channels, even the old-fashioned ones.
10/28/2016
Barclays bank takes new £600m hit over PPI misselling
Barclays added that pre tax profit rallied 35 per cent to £837 million, buoyed by a jump in fixedincome trading.
10/28/2016
EMIR related MoU between FCA and CFTC
FCA has published a Memorandum of understanding (MoU) between the United States Commodity Futures Trading Commission (CFTC) and the FCA.
10/28/2016
ABLV Bank Chooses Wolters Kluwer’s OneSumX for Regulatory Reporting
The bank has specifically signed up to use Wolters Kluwer’s OneSumX Regulatory Reporting, including the firm’s Regulatory Update Service.
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.
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.