With less than three months until the money laundering regulations and guidance are expected to come into force, staff of banks lack the sufficient training to carry out customer risk assessments, says Bovill.
The Global Legal Entity Identifier Foundation (GLEIF), the body responsible for ensuring the operational integrity of the Global Legal Entity Identifier (LEI) System, is calling on market participants that will have to comply with the forthcoming European Union (EU) revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) to obtain an LEI as soon as possible.
The Financial Conduct Authority (FCA) has appointed its new Skilled Person Panel, effective until 2021.
Nodal Clear, the clearing house subsidiary of Nodal Exchange, has been recognised by the European Securities and Markets Authority (ESMA) as a third-country central counterparty (CCP) under the European Markets Infrastructure Regulation (EMIR).
Investors representing GBP1 trillion in assets have endorsed a set of Schroders-led principles designed to better engage food and drink companies on the risks associated with global sugar consumption.
European regulators have blocked the proposed merger between Deutsche Börse and the London Stock Exchange Group.
The Depository Trust & Clearing Corporation (DTCC) subsidiary operating the Global Markets Entity Identifier (GMEI) utility continues to operate as the largest legal entity identifier (LEI) issuer, by share of the total LEIs issued worldwide, in the run-up to MiFID II implementation.
Deloitte France and Deloitte Luxembourg have been confirmed as approved verifiers under the Climate Bonds Standard & Certification Scheme.
Silverfinch has welcomed the announcement by European authorities that they have agreed on a new set of PRIIPs Regulatory Technical Standards (RTS) following an agreement between the European Commission and Parliament that will see the rules come into force at the start of 2018.
Consolidation into new superfunds could tackle the issues which place an unacceptable, and mostly unrecognised, risk on scheme members, according to a report by the Pensions and Lifetime Savings Association’s (PLSA) Defined Benefit (DB) Taskforce.