Alfi chief bemoans regulation overload
The raft of sweeping EU regulations being introduced this year is creating an almighty headache for the asset management industry, says Denise Voss, chairman of the Association of the Luxembourg Fund Industry (Alfi), the investment trade body.
Outgoing FCA chairman warns on cryptocurrency and Brexit
John Griffiths-Jones has used his last speech as chairman of the Financial Conduct Authority to warn over the dangers of cryptocurrencies, outline the regulator’s role in Brexit and criticise the financial legal system.
‘Free-riding’ passive investors under central bank scrutiny
Passive investors pay scant regard to the fundamentals of individual securities and free-ride on the work of active investors with implications for financial stability, price discovery and index correlation, according to a paper from the Bank of International Settlements.
FCA: Regulations ‘only go so far’ in changing culture
Regulation is only “one piece of the puzzle” in addressing financial services culture, according to the UK Financial Conduct Authority (FCA), which has released a paper it hopes will create debate and promote a positive change in the industry.
FBI operation delayed shutdown of defunct British DFM
Insolvent discretionary fund manager Beaufort Securities was given a stay of execution by the UK regulator to allow the Federal Bureau of Investigation to finish its undercover operation, it has been revealed.
Disgraced adviser admits perverting course of justice
A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has admitted perverting the course of justice.
R&M puts aside £1m for FCA probe; responds to Rodrigs exit
River & Mercantile has set aside £1m to cover a potential penalty stemming from the Financial Conduct Authority’s ongoing investigation into its alleged breach of competition law.