02/21/2023
FCA seeks views on updating asset management regulation
The FCA will make sure any changes are consistent with international standards and enable technological development and innovation.
Legal, Regulation & Compliance
02/21/2023
Ex-Julius Baer banker with a penchant for bolides in prison
Things are getting uncomfortable for a former executive at the Swiss bank Julius Baer.
02/21/2023
Financial Services & Banking News
The letter details the FSB’s planned work during 2023 as well as introducing three reports the FSB is delivering to this meeting.
02/21/2023
Finma reviewing Credit Suisse chairperson’s comments on outflows: reports
Credit Suisse said it does not comment on speculation.
02/21/2023
Germany ratifies UPC Agreement ahead of 1 June 2023 court start date
The project has been the subject of significant delays, not least due to legal challenges brought against German ratification previously and, more recently, IT issues posed by the court’s electronic Case Management System.
02/21/2023
Deutsche Bank’s regulators criticize its internal probe
Rebuke is latest in a long series of complaints directed at the lender over a perceived failure to improve systems
02/21/2023
Finance managers jailed for defrauding Libyan wealth fund of 10 million dollars
Frederic Marino, 56, Yoshika Ohmura, 47, and Aurelien Bessot, 47, have all been sentenced for committing fraud by abuse of position of trust.
02/20/2023
Ex-CS banker loses appeal in espionage case
He is demanding compensation as he was wrongly convicted while at work and has been unable to find work since his release in 2015 as a result of his conviction.
02/20/2023
Link faces £257m hit as FCA Woodford probe nears end
Link has also entered fresh talks to sell its Fund Solutions arm to a rival once the Woodford saga draws to a close.
02/20/2023
FCA outlines vision to overhaul UK funds regime
The proposals, which have not been cemented, say fund managers should upgrade their technology to ‘restore balance’ to the interest of investors.
02/20/2023
FCA starts preparing post-Brexit asset management rules
The feedback will be considered as the FCA begins to adjust its framework in light of the UK leaving the EU.
02/17/2023
ESMA assesses supervision of Central Securities Depositories
The report sets out important recommendations for national authorities that aim at reinforcing their supervision of CSDs to ensure efficient securities settlement.
02/17/2023
Inflation is a ‘wicked problem’ − speech by Huw Pill
Introductory remarks given at the Warwick Think Tank, Warwick University
02/17/2023
BoE's chief economist warns over forecast uncertainty
Inflation dropped to 10.1 per cent in January, its lowest level in six months, however Pill warned that the labour market remains extremely tight.
02/17/2023
FCA grants UK e-money license to Payoneer
The license will allow Payoneer to fully operate in the UK and provide its services to UK-based companies.
02/17/2023
Judicial review bid has implications for UK SIPP operators
This includes taking into account the law, codes and good practice that applied at the time of the event and following the rules in the FCA Handbook, although the FOS is operationally independent of the regulator.
02/17/2023
Ex-JPM, Barclays exec Staley discussed Disney princesses with Epstein - lawsuit
The lawsuit claims Staley had a close personal relationship with Epstein and that emails between the two "even suggest that Staley may have been involved in Epstein's sex-trafficking operation".
02/16/2023
Co-Chairs of the Joint Regulatory Oversight Committee welcome the Strategic Working Group report
The industry and other key stakeholders, including consumer and business representatives, play an instrumental role in delivering these outcomes.
02/16/2023
Firm fails after former IFA wins £140k unfair dismissal case
The judge found that Alexander Sloan FP failed to pay Rodger between September 2018 until his resignation in June 2021, and this amounted to a breach of his contract.
02/16/2023
UK's FCA signals sustainability regulation reform
The FCA said in the discussion paper that the focus on sustainability has widened, going beyond climate change to include other topics such as human rights, diversity and inclusion, nature and biodiversity.