Kroll, a provider of services and digital products related to governance, risk and transparency, has revealed the number of data breaches reported to the FCA fell by 30 per cent between 2019-2020. This is a direct contradiction to Kroll’s own data which, looking at all industries, showed a 56 per cent average rise in incidents over the same timeframe, with the financial services industry being slightly above that average.
Legal & Regulation
Over three quarters of the members of IIMI, a boutique asset management think tank formerly known as New City Initiative (NCI), believe they will benefit from complying with the European Union (EU)’s Sustainable Financial Disclosure Regulation (SFDR), which came into effect in March.
Compliance professionals call on regulators to give more guidance on AML effectiveness, says LexisNexis Risk Solutions study
An overwhelming majority of compliance professionals say the lack of guidance and support from regulators is contributing to a significant delay in implementing the latest anti-money laundering (AML) regulations, according to new research released today by LexisNexis Risk Solutions, a global data and analytics provider.
Regtech industry experts have spoken out in support for the FCA’s recent call for ‘purposeful’ AML controls and financial fraud action.
Apperio launches virtual legal expo for private equity, hedge funds and other private investment organisations
Apperio, in partnership with Private Equity Wire, Institutional Asset Manager, and Hedgeweek, is launching an all-new live virtual conference dedicated to helping stakeholders in private funds exchange ideas and best practices for efficiently deploying and managing legal resources. REGISTER NOW
Geneva-based specialist asset manager Quaero Capital has brought its Luxembourg funds into compliance with the new European SFDR regulation on sustainability disclosure, confirming its strong commitment to responsible investment.
Despite its new obligations for financial intermediaries taking effect in September 2020, the European Commission's updated Shareholder Rights Directive (SRD II) is still very much in the early stages of a full and seamless adoption across European regulated markets, according to a new report by global fintech Broadridge Financial Solutions.
With one of the final barriers to implementing the changes to the PRIIPs Regulation now removed, research from FE fundinfo has found that fund groups will still struggle to meet the end of year deadline.
The European Fund and Asset Management Association (EFAMA) has published its response to the European Commission's consultation on the establishment of a European Single Access Point (ESAP) for financial and non-financial information publicly disclosed by companies.
Franklin Templeton has welcomed the new EU Sustainable Finance Disclosure Regulation (SFDR), which is an important step in driving forward transparency and authenticity in how investors approach ESG and sustainability.