Would a brass plaque in EU fix passporting headache? 14:00 GMT One of the key issues facing financial services institutions which provide services across the EU is the potential loss of passporting rights. This affects both businesses and products (e.g. UCITS). Suggestions were made by some in the Brexit debate that even if no agreement is reached to replace the current passporting regime with equivalent rights, a solution to the loss of passporting rights could be offered by a "brass plaque" presence in the EU.
If only life was that simple.
The $200 billion opportunity for wealth managers 27/06/2016 Up to $200 billion worth of client assets is available to those wealth managers who can respond to changing demands and get the client experience right, according to the results of EY’s latest Global Wealth survey.
FCA establishes FAMR working group 22/06/2016 The Financial Conduct Authority has established a Financial Advice Working Group in response to recommendations outlined in the Financial Advice Market Review (FAMR) report published in March.
FCA fines to companies drop by third while individual penalties double 21/06/2016 The total value of fines handed out by the Financial Conduct Authority (FCA) has dropped by more than a third in the past year, while new regulations relating to senior management has caused penalties to individuals to more than double over the same period, according to research carried out by global law firm Clyde & Co.
Law firm creates financial regulation consultancy 15/06/2016 Law firm Bates Wells Braithwaite has hired Gillian Roche-Saunders has a partner to lead its new financial regulation consultancy service, BWB Compliance. The new service is an expansion under the firm’s alternative business structure (ABS).