Hints and tips:
Related Special Reports
...The move has caused anger in ministerial circles, fuelling fears that the Financial Conduct Authority’s approach to regulation is harming the City of London and driving business abroad....
...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...A paper prepared by the Dutch finance ministry last month floated the idea of abolishing the instruments, but acknowledged this would need the backing of European authorities....
...Ellesheva Kissin is a reporter at Banking Risk and Regulation, a service from the Financial Times...
...The UK’s Financial Conduct Authority is under pressure to pause plans to name companies when it opens investigations. At present, it only does this in exceptional cases....
...Miles Celic, chief executive of TheCityUK, described the proposal as a “name and shame” policy and said the financial services industry was opposed to it....
...The US Financial Industry Regulatory Authority hit two Stifel broker-dealer divisions with $2.3mn in fines and restitution over unsuitable recommendations on leveraged exchange traded products....
...He was a former investment banker who closely followed the industry and made a canny trade, in his telling....
...The Financial Conduct Authority on Wednesday said fund managers should be able to “bundle” fees for investment bank research with their trading costs after a review of the controversial practice....
...The Financial Conduct Authority, the regulator, is now conducting a review of account closures....
...Industry groups counter that it will make US financial companies less competitive, drive up compliance costs and lead to a flood of lawsuits between employers and departing workers....
...The Financial Conduct Authority, the UK regulator, consulted with asset managers earlier this year on plans for its post-Brexit overseas funds regime, which will allow fund managers to apply to sell non-UK...
...The airline industry is largely united in opposition to the rule....
...Scope told the Financial Times that the issues raised by Esma “had no influence on individual ratings issued by Scope”....
...The group said that at present it had “no legal or constructive obligation” in relation to the Financial Conduct Authority probe and had not yet booked a provision as a result....
...The Financial Conduct Authority on Wednesday said fund managers should be able to “bundle” fees for investment bank research with their trading costs.......
...In a letter published on Friday, the Financial Conduct Authority told lenders it would monitor their financial resources and use “regulatory tools to intervene if we find your firm has not undertaken any...
...Industry groups contend there is no need to change the current system....
...Trade body UK Finance said banks have to comply with strict regulations and only close a small proportion of bank accounts, mainly due to financial crime and fraud concerns....
...Under chair Gary Gensler, the SEC has taken an aggressive approach to crypto, an industry he has defined as a “Wild West”....
...Some banks are unable to quantify their exposure to private equity, the Bank of England has found, in the latest warning that the $8tn industry could threaten the wider financial system....
...“I am sure the banking industry doesn’t agree with all the proposals but we have to make this financial industry as safe as possible,” said Swiss finance minister Karin Keller-Sutter, when announcing the...
...Regulation is light....
...“Brexit offers the UK a chance to rewrite financial services regulation,” says Simon Morris, a financial services partner with law firm CMS....
...Regulators the Financial Conduct Authority and Prudential Regulation Authority are already subject to frequent questioning by the House of Commons Treasury select committee, which launched a dedicated subcommittee...
International Edition