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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....
...Whatever the theoretical merits of unbundling, it really hasn’t been necessary. For one thing, the financial savings are trivial....
...Moriarty added that the government should “modernise” the definition of “public interest entities” (PIEs) and give the FRC the ability to go after company directors for financial wrongdoing....
...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....
...The Financial Reporting Council said on Monday that it had imposed the fine on the Big Four firm for failing to meet audit requirements during its review of M&C Saatchi’s accounts for the year to December...
...of the Dodd-Frank regulation....
...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....
...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....
...transactions” of leveraged and inverse ETPs and ETFs, the order stated....
...most complex and consequential financial transaction they’ll make in their lifetime”....
...Chemours, the maker of Teflon, put its chief executive and two most senior finance executives on administrative leave on Thursday while it investigates financial practices that may have affected executive...
...companies and similar entities to disclose beneficial ownership information to the US Department of the Treasury for the first time — won’t make a difference....
...But it looks unlikely to be able to regulate clubs into the black consistently. 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....
...Since the news, analysts have been drawing up calculations to assess the financial extent of the litigation risk for the company and its shareholders....
...seen by the Financial Times....
...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...
...And the impact on victims of AI-driven scams goes beyond financial losses, potential or real. Fitzgerald says that his experience has soured his view of technology....
...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...
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...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...
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