A group of regulatory experts have set up the UK Compliance and Regulatory Association (UKCRA) which aims to enhance professional standards and minimise risks within the regulated financial services industry.
FCA chief executive Martin Wheatley will today outline his vision for a more competitive financial landscape, with the best products and services "thriving", and the worst performing firms exiting the market.
A US congressman has highlighted a potential problem in the complex arrangements under which financial institutions in foreign countries are being persuaded to provide financial information to the American tax authorities, to comply with FATCA.
Almost two-thirds of advisers will carry out further platform due diligence following the FCA’s platform paper, and of those 44% have already started to do so.
The sale of complex products to retail investors has increased dramatically in the past five years despite evidence showing returns have been relatively low, the European Securities and Markets Authority (ESMA) has said today.
The majority of asset managers polled in a recent survey have admitted they are still unclear about the requirements of the Foreign Accounts Tax Compliance Act (FATCA) despite the cut off period for compliance now less than six months away.
The FCA has named the six types of investment fraud causing it the most concern, at a financial crime conference hosted to highlight the ongoing fight against an underworld costing the exchequer an estimated £40bn a year.
The FCA has introduced two legal forms of collective investment schemes as part of its policy statement on the AIFMD, bringing the UK in line with the rest of the EU.
More than half of the public think current banking rules are too soft and agree that stricter legislation is needed in the sector.
A popular prediction ahead of RDR was that the cost of advice would soar, with advisers forced to hike their charges to make up for the loss of commission. Has it been the case?
Only 15% of alternative investment fund managers (AIFMs) are ready to meet the requirements of the alternative investment fund managers’ directive (AIFMD), despite it becoming law next month.
The head of the main association representing Europe’s asset management industry has called on key members of the European Parliament to get a move on in its efforts to draft a package of investor protection regulations known as PRIPs.
