A group promoting Canadian sovereignty has raised 80% of the funds required to take the Canadian Government to court for providing residents’ details to the US for its Foreign Account Tax Compliance Act (FATCA).
China is so dominant that when A-shares are eventually included in the MSCI Emerging Markets Index, the result could be a collection of very similar passive products.
Declaring ‘the age of irresponsibility’ over, the governor of the Bank of England has announced plans to extend tough new rules on senior management behaviour to asset managers.
Legal & General Investment Management has issued a letter to the boards of FTSE 350 companies outlining its support for the removal of the requirement for companies to disclose financials on a quarterly basis.
EY’s seven ways MiFID II will affect asset and wealth managers
The Financial Conduct Authority has taken another step toward the full implementation of its new strategic approach, announcing on Friday a number of internal promotions and two key hires.
The boss of the Financial Services Compensation Scheme has urged financial advisers to help the regulators identify ways of making the allocation of levies fairer.
Huw Evans, director general at the Association of British Insurers (ABI), has called on the UK’s Financial Conduct Authority to re-assess the difference between advice and guidance in order to support a wider range of UK consumers.
Eight fraudsters face a combined total of 26 years’ imprisonment after the UK’s Financial Conduct Authority found they lost over £4.3m of investors’ money in their unauthorised collective investment scheme (UCIS).
The Retail Distribution Review has failed to meet its objective of clarity of service, the Wealth Management Association said, leading to widespread misunderstanding and use of the ‘independent’ and ‘restricted’ labels.
The Financial Conduct Authority has decided to fine Stewart Ford, a former director and chief executive of Keydata Investment Services, £75m for failing to act with integrity and misleading the regulator.
Barclays Bank has been hit by an unprecedented £284.4m FCA fine for failing to rein in errant practice in its foreign exchange business.
