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...“I think we could do more to strengthen the hand of risk managers,” she said....
...Mid-sized asset managers in the UK have struggled in recent years as investors have flocked to cheaper passive funds and the regulatory burden has increased, pushing up compliance costs....
...An Ingosstrakh contract from the cache expressly requires Russian oil exports to be “in compliance with the applicable US, UK and (or) EU laws”, and explicitly cites an EU regulation that includes the price...
...Southern Water was rescued from the brink of bankruptcy in an Ofwat-brokered deal with the Australian infrastructure manager Macquarie in 2021 but the utility was forced to suspend external dividends until...
...Vanguard, after being told of the contents of the CPA report, said the asset manager maintained “the highest levels of compliance with all applicable laws and regulations”....
...McKernan told the Financial Times he wants to monitor compliance with those “passivity letters” by asset managers....
...Jupiter’s compliance department blocked its investment team from holding a cryptocurrency exchange traded product in one of its Irish Ucits funds, highlighting divergent regulatory approaches in the EU....
...McKernan sought to set up an FDIC-run compliance programme for large index fund managers that say they are seeking to be “passive” investors in FDIC-supervised banks....
...Caroline Miskin, a senior technical manager at the ICAEW, said investment needed to be “across the board”. The Tories hit back at Labour’s plans....
...In their book Rapport: The Four Ways to Read People, Emily Alison and Laurence Alison call such behaviour “malicious compliance” or “workplace deviance”....
...He then moved to Australia, where he became chief executive of wealth manager AMP Capital....
...Despite sweeping changes to its banking secrecy laws and compliance practices over the past decade and a half, Switzerland, the world’s number one centre for offshore wealth, continues to be dogged by financial...
...Invesco is preparing to roll out generative artificial intelligence technology to cut rising compliance costs, but would not employ it to pick stocks anytime soon, says its chief executive....
...It has also expanded its compliance team to cover surging demand. The influx of revenues is also set to boost the fortunes of Archax, which is backed by £380bn investment manager Abrdn....
...“As we have always said, the goods posing the highest biosecurity risk are being prioritised as we build up to full check rates and high levels of compliance,” said Defra....
...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....
...Investors have also implemented new protocols (with attendant internal bureaucracies) purportedly to assess the value they receive from broker research they’re paying for (but really to document compliance...
...with the personal interests of senior managers....
...Private fund managers bent on staffing up are likely to poach from legal and compliance departments at traditional asset managers and banks, as well as from the SEC itself....
...The split left too few staff in the non-ringfenced bank with the expertise needed, and no senior manager was given responsibility for the issue....
...It really won’t change behaviour that much,” says a portfolio manager at one big investor in tech....
...The consequences are that managers spend more and more on compliance, and are so afraid of conflict that they sometimes leave bullies in place....
...Alex Gerko’s lawsuit against Aviva and L&G is often interpreted as the story of a wealthy Russian battling corporate compliance (“Gerko’s XTX sues wealth managers for alleged racial discrimination”, Report...
...Without accusing any of them of manipulation, Nunes asked Nasdaq what steps it could take to “foster transparency and compliance by ensuring market makers are adhering to” US securities rules....
...We also expect the FCA to report back on its thematic review of firms’ compliance with existing disclosure rules on environmental, social and corporate governance issues shortly....
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