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...Other regulators, including Ofgem, the Financial Conduct Authority and the Prudential Regulation Authority, have internal audit capability requirements, the CIIA said in its letter....
...“There are many successful professionals across the City who are also in positions of trust and this outcome should be a wake-up call to them that trust is there for a reason, it is not there to be abused...
...But lawyers and financial businesses say they cannot afford to wait for the outcome of that lawsuit....
...No one knows who first uttered this quip, but it has been applied to scientists, economists and politicians. It also applies to European financial regulators....
...Richard Moriarty, chief executive of the Financial Reporting Council, said on Tuesday that there were “serious gaps” in its regulatory toolkit and asked for more powers to bring it in line with watchdogs...
...Now in a stronger position thanks to the much-changed health of Ireland’s financial sector, they have accused the CBI of being bureaucratic and of taking an overly intrusive, combative approach....
...The landmark lawsuit filed on Thursday in federal court in New Jersey by the US Department of Justice, along with a bipartisan group of 16 state and district attorneys, accuses the group of imposing contractual...
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...Cath Burnet, head of audit at KPMG UK, said: “We are committed to dealing with, and learning from, our past cases and regret that aspects of our 2018 audit of M&C Saatchi plc fell short of required standards...
...of the Dodd-Frank regulation....
...The merger between Virginia-based Capital One and Illinois-based Discover would shake up the US credit card landscape and mark one of the industry’s biggest deals since the 2008 financial crisis....
...The Financial Conduct Authority said on Monday it would “not object” to the creation of bitcoin and ethereum-backed exchange traded notes for professional investors....
...transactions” of leveraged and inverse ETPs and ETFs, the order stated....
...most complex and consequential financial transaction they’ll make in their lifetime”....
...similar entities to disclose beneficial ownership information to the US Department of the Treasury for the first time — won’t make a difference....
...Chemours, which was spun out of Dupont in 2015, said it was examining how working capital was managed, and how that affected financial metrics on which executive bonuses were based....
...seen by the Financial Times....
...Since the news, analysts have been drawing up calculations to assess the financial extent of the litigation risk for the company and its shareholders....
...Nor will it be able to change the basic financial structure of the game. Lex kicked off here....
...Co-ordinating the objectives of the FCA, the Department for Work and Pensions and the Department for Education would be a good start....
...The UK Department for Business and Trade has been accused by a Lords’ committee of hampering an inquiry into the performance of regulators, fuelling concerns over the accountability of government bodies...
...AI is also being used by banks to support an army of staff assessing potential breaches of anti-money laundering regulations....
...The dealer rule is part of a broader push by Treasury market regulators — including the SEC, the Treasury department, the Federal Reserve and others — to increase regulatory oversight and improve stability...
...Mis-selling scandals by supposedly professional financial advisers abound, especially when the incentives are distortive — just think of the £50bn PPI scandal that led to millions of Britons buying high-commission...
...“We have got to keep an eye on the stock and the overall level of the burdens that we’re requiring on businesses,” Moriarty told the Financial Times....
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