The financial transactions tax (FTT), as proposed by German Finance Minister Olaf Scholz, does not deal with the problem of excessive market speculation but instead penalises long-term investors like pension funds and insurers, writes Jan Wagner…
Legal & Regulation
While it may well be clear to the UK fund industry and its regulator what went wrong with the Woodford Equity Income Fund, to date, very little has been proposed to correct matters and prevent a repeat, writes Jan Wagner…
New FCA regime’s failure to include appointed representatives is an oversight, saysSturgeon Ventures
The Senior Managers & Certification Regime that comes into effect today (9 December) is a positive step for the financial services industry – but its failure to include Appointed Representative Firms (ARFs) and their individuals is an oversight, according to Sturgeon Ventures, a regulatory incubator.
IHS Markit’s Dutch entity, Markit NV has been authorised by the Netherlands Authority for Financial Markets (AFM) as benchmark administrator under the European Benchmark Regulation (BMR).
The US Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Goldman Sachs & Co for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers.
By Roger Aitken – With 18 months having elapsed since the implementation of the European Union’s (EU) Markets In Financial Instruments II (MiFID II) Directive, ushering in the era of unbundling for investment firms for buy- and sell-side institutions, the former chairman of the UK Individual Shareholder Society (ShareSoc) argues that many of the rules behind MiFID should be ditched or scrapped after the UK leaves the EU…
SEC Chairman says Dodd-Frank Act whistleblower program is ‘invaluable component’ in tackling securities fraud
The Chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, has backed the Dodd-Frank Act’s whistleblower reward law, saying that the whistleblower program is an “invaluable component” to the Commission’s “enforcement efforts.”
The Association for Financial Markets in Europe (AFME) has published a new paper setting out five recommendations to deliver supervisory convergence on the regulation of crypto-assets in Europe.
Well over half of asset managers at financial services firms (58 per cent) say that recent industry regulations have resulted in their organisation either investing in new technology or bringing in a third party to help meet new data management requirements.
Labuan International Business and Financial Centre Incorporated (Labuan IBFC), the market development agency for Labuan International Business and Financial Centre (Labuan IBFC), has signed a Memorandum of Understanding (MoU) with China Construction BankLabuan (CCBL) to allow CCBL to promote the benefits of Labuan IBFC to Chinese and Chinese related companies.