02/13/2017
Herbert Smith Freehills - Financial regulation update
FCA DP on illiquid assets and open-ended investment funds
Legal, Regulation & Compliance
02/13/2017
Asset managers named in list of potential closet trackers
Schroders, Fidelity, JPMorgan, Henderson and Amundi highlighted by campaign group
02/13/2017
RBS ex-vice-chairman joins lawsuit that may put old boss Fred Goodwin in court
Four other investor groups have already settled with the bank over the rights issue.
02/13/2017
The Battle for Global Banking Regulations
If they don't come to an agreement, the global banking system risks a collapse.
02/13/2017
Legal Giant Accused of ‘Systematic & Gross’ Overcharging
He also advises on risk management, internal controls and accountability and other compliance issues.
02/13/2017
Hedge funds face an identity crisis
The industry must come to terms with higher regulatory costs and falling fees in a time of poor performance
02/13/2017
Fat cat Irish bankers earned a total of €50million in pay and bonuses in one year
European figures show 26 Irish bankers earned an average of €1.9million each in 2015
02/13/2017
UK lawmakers urge more reporting rules for large private firms
Citing the collapse of the department-store chain BHS Group Ltd
02/13/2017
Observers wary of FCA illiquid fund rethink
Some emphasised the principal issue remained the disconnect between illiquid assets and open-ended funds offering daily dealing.
02/13/2017
Cayman Finance New York Briefing Reaffirms Cayman As Industry Leader
The jurisdiction's appropriate legislative and regulatory balance.
02/13/2017
Pioneer launches multi asset strategy for fund of funds duo
The Luxembourg-domiciled fund also has the remit to invest across the entire capital market spectrum
02/13/2017
Supreme Court victory for cohabiting partners of unmarried scheme members
It remains to be seen whether the decision affects private sector occupational pension schemes with similar rules.
02/13/2017
Clarke Wilmott lawyer named in Spear’s 500 guide
Spear’s is regarded as the top guide to the sharpest and most experienced advisers, wealth managers and lawyers around today.
02/12/2017
Financial Conduct Authority looking into property fund suspensions
This was headline news when many funds were forced to suspend trading because of liquidity issues as investors ran for the hills.
02/12/2017
FCA opens discussion on regulatory approach to open-ended funds investing in illiquid assets
The FCA sets out some examples of possible policy approaches to stimulate debate.
02/10/2017
Brexit white paper published – where now for Financial Services?
While certainty and clarity are still some distance away, this article examines the implications of the speech and the paper for the financial services industry as Britain navigates its departure from the EU.
02/10/2017
Looming Regulations Will Drive Regtech Adoption in 2017
With an increase in regulation requiring automated processes and accurate data, adoption of so-called regtech tools is likely to snowball.
02/10/2017
Hargreaves Lansdown breaches company law on dividend payments
The company also stressed that the issue ‘will have not have any effect on the company’s financial position’.
02/10/2017
PRA imposes £17.85m fine on The Bank of Tokyo-Mitsubishi UFJ Limited and £8.925m fine on MUFG Securities EMEA plc for failing to be open with the PRA
The DFS enforcement action also had implications for the then Chair of MUS(EMEA).
02/10/2017
How the Flash Crash Trader’s $50 Million Fortune Vanished
The extent of Sarao’s culpability for the flash crash is fiercely contested.