11/25/2013
FCA Slaps Outsourced Wealth Manager With £900k Fine
Wealth manager failed to adequately protect client money, according to notice published by the regulator.
11/25/2013
A PwC survey has found a third of UK asset management firms are unsure they have the resources to cope with growing regulatory demands.
11/25/2013
Britain's Serious Fraud Office is considering the possibility of launching a criminal investigation into allegations that Royal Bank of Scotland mistreated struggling small businesses.
11/24/2013
Litigation partner Frederic Jeannin also joined from STC Partners, while corporate partner Thibaut Caharel joined the team from Parisian firm PDGB Avocats.
11/24/2013
The Financial Conduct Authority has today proposed improvements to the rules and new guidance over investment managers’ use of client commissions. These changes will ensure that charges paid by consumers for executing trades and related services &am
11/24/2013
Hungary's supreme court said Monday that it is launching a probe into the validity of foreign-currency loan contracts
11/24/2013
Most of the exchange rate losses had to be swallowed by the banks.
11/24/2013
The European Central Bank should quickly finalise details of forthcoming health checks on European banks because the sector faces a big challenge in completing the planned balance sheet exercises.
11/24/2013
Only thirty-five out of the three hundred surveyed are said to be convinced that regulators have a grasp on how the crisis came about.
11/23/2013
George Kalmar will be sentenced on Tuesday after he was convicted at Glasgow Sheriff Court of pocketing the cash and spending it on women, gems and five-star benders.
11/21/2013
The bank has been pursuing the three former partners for repayment of loans it granted them for capital contributions ahead of the firm’s collapse in 2012
11/21/2013
The poll will close at the end of next week when Bickerton is expected to take up a second four-year term.
11/21/2013
We’ll focus primarily on growing our existing network, but we wouldn’t rule out opening any new offices in future.
11/21/2013
The first half of the financial year has been a period of investment for the firm.
11/21/2013
The penalties come as regulators require firms to set aside more funds to strengthen finances and as executives look for ways to boost shareholder returns even amid lower revenue.
11/20/2013
FCA freezes assets of suspected boiler room
As well as the asset freeze (which prevents the firm from selling its assets) the court order also stops FCW from selling investments regulated by the FCA.
11/20/2013
Speech by Martin Wheatley, Chief Executive of the FCA, at the FCA Markets Conference 2013.
11/20/2013
The Financial Conduct Authority has begun an investigation into the role of former senior directors at the Co-operative Bank.
11/19/2013
AXA has contributed to the development of a fourth "blueprint" in the CRO Forum's series on managing environmental, social and governance (ESG) challenges in business transactions, focusing on new trends in country risk assessments.
11/19/2013
The legislative package that we call MiFID II is actually made up of a Directive and a Regulation, covering a broad range of trading activities, instruments and market participants.