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FCA investigations up by 75 per cent
By Neasa MacErlean
Online Published Date:
28 September 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
Pensions Regulator prepares to boost enforcement action
By Neasa MacErlean
Online Published Date:
28 September 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
Re-registration timetable set out for revised Payment Services Directive
By Neasa MacErlean
Online Published Date:
28 September 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
FSB chief hits out at FCA secrecy on RBS report
Mike Cherry, the national chairman of the Federation of
Small Businesses, has lambasted the Financial Conduct Authority for failing to
publish its full report on the Royal Bank of Scotland’s controversial Global
Restructuring Group.
His..
Online Published Date:
28 September 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
FCA orders first market investigation – into investment consultants
By Neasa MacErlean
Online Published Date:
28 September 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
Probe into insurer’s closed-book dropped – but five cases stay live
The Financial Conduct Authority has ceased investigating
Police Mutual over its treatment of longstanding life insurance customers – yet
probes into Scottish Widows, Prudential, Countrywide Assured, Old Mutual and
Abbey Life continue...
Online Published Date:
28 September 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
Internal audit heads take growing role under Senior Managers Regime
By Neasa MacErlean
Online Published Date:
28 September 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
Guide to conducting internal investigations: witness interviews
This is the fourth of six instalments
serialising the ‘Guide to conducting internal investigations’, on best
practices and guidance for those conducting or overseeing investigations in
both the United Kingdom and the United States. Here, Jake McQuitty and Charles
Hastie elucidate some of the key considerations when approaching and
preparing for witness interviews.
Online Published Date:
12 October 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
Pension transfers – pure guesswork?
When it comes to suitable pension transfer transactions, “The comparison is everything.” Yet, despite the baffling array of new options for pensions brought in by the reforms of April 2015, we still lack reliable comparison tools. Further to our previous coverage [1], Adam Samuel provides the big picture on why pension transfers remain such an important, difficult and potentially toxic subject.
Online Published Date:
12 October 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
Defining ‘durable medium’ in the digital age
Banks are increasingly turning to alternative ways, other than paper, in which they can communicate with customers. Emily Morton and David Wagget consider how recent legal cases give financial services firms guidance on satisfying the ‘durable medium’ test in the current technological context.
Online Published Date:
12 October 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
The FCA’s ‘over and above’ IDD copy-out
The Financial Conduct Authority has now
published three consultation papers and its first set of “near final” rules for implementation
of the Insurance Distribution Directive – which firms must comply with from 23
February 2018. Juanita Morrison and Davinia Collins focus on the FCA’s second
CP and what the regulator’s proposals could mean for firms.
Online Published Date:
12 October 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
The FX Global Code of Conduct
“[I]f you aint cheating, you aint trying,” a Barclays foreign exchange trader infamously shared in an electronic chat of November 2010. Since the FX benchmark manipulation scandal, regulators in multiple jurisdictions have clamped down on controls around setting of interbank rates. Now, a new code supersedes and updates existing guidance, reports Kim Potts.
Online Published Date:
12 October 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017
MiFID II: are you telecoms ready?
Although the Financial Conduct Authority’s July
policy statement [1] relented on its proposed MiFID II taping requirements for
financial advisers – by allowing analogous notes as an alternative – the
rules are a significant challenge for entities that are in scope for the first
time. Dave Millett sets out the options for relevant firms to record telephone and electronic
communications in relation to transactions in financial instruments.
Online Published Date:
12 October 2017
Appeared in issue:
Vol 30 No 2 - 01 October 2017