08/18/2013
More investment in data governance needed in asset and wealth management - Study
More investment in data governance is needed in companies specialising in asset and wealth management
Legal, Regulation & Compliance
08/18/2013
Crowdfunding to be put under the microscope by City watchdog
“We want it to be clear that investors in the majority of crowdfunds have little or no protection if the business or project fails,”an FCA spokesman said.
08/18/2013
DFMs criticised for not submitting performance data
Aj Somal, certified financial planner at Aurora Financial Planning, said some discretionary managers were shown “in a bad light” by not submitting comparative performance data.
08/18/2013
KPMG publishes AIFMD overview
The Directive is going to have a significant impact on AIFMs’ EU strategy
08/17/2013
HMRC Change QROPS Reporting System
There was industry concern that any changes brought in would adversely affect the industry
08/15/2013
FCA writes to 11 groups as it launches fund charge probe
The FCA will look at what the charges are; how they are broken down and overseen; alongside the information that is provided to end-investors.
08/15/2013
Porche Faces New Hedge Fund Cartel Claim In Legal Battle
Porsche SE faces a new legal maneuver from hedge funds seeking to recoup billions of euros they say they lost
08/14/2013
AQR and Stress Test Requirements to Pose Challenges for European Banks - Moody’s
Moody's Analytics has released two reports outlining the challenges associated with the upcoming Asset Quality Review (AQR) and subsequent stress test requirements for European financial institutions.
08/13/2013
Chartis Report Outlines Financial Organizations’ Top Global Compliance, Risk and Business Performance Challenges
Capital adequacy, stress testing & internal risk models among top regulatory pressures; Report says flexible technology key to addressing evolving requirements
08/13/2013
Eversheds advises UK Asset Resolution on £400m loans sale
The sale was completed as two separate transactions
08/13/2013
Magnusson names former Eversheds partner as Copenhagen head
He will draw on his experience gained during a 2,5 year tenure as the Senior Office Partner for Eversheds’ Copenhagen office.
08/13/2013
Feds charge ex-JPMorgan bankers in 'London whale' case
Federal prosecutors in Manhattan have criminally charged two former JPMorgan bankers for their alleged role in the “London whale” trading loss that rocked the investment bank last year and led to a very public overhaul of its senior management
08/12/2013
German watchdog readies Deutsche Bank Libor report-source
Deutsche Bank to receive Libor report from Bank watchdog
08/12/2013
Russell-Cooke strengthens private client practice
Russell-Cooke has strengthened its Private Client practice with the hire of its 8th Partner
08/11/2013
European banks need to sell £2.8 trillion of assets
Banks in Europe will need to slash €3.2 trillion (£2.8tn) of assets from their balance sheets over the next five years to meet new regulations designed to minimise the risk of further banking collapses in future.
08/11/2013
FCA concerned about exec-only commission model
The board was discussing "whether the continuation of commission payments for non-advised retail investment sales created potential risks".
08/11/2013
Financial firms forced to set targets for women on boards
The UK's largest financial firms will be forced to set targets for the number of women on their boards from 2014, under proposals outlined by City regulators.
08/10/2013
More trouble in store for UK banks
A list of all the potential legal problems and investigations facing our big financial names makes daunting reading
08/10/2013
International business law firm hires Davenport Lyons finance partner
International business law firm has strengthened further its leading finance group by hiring a partner from Davenport Lyons.
08/09/2013
US prepares to charge London bankers in JP Morgan trades case
The charges would mark a dramatic escalation in the wake of the revelation last year