Almost half of senior managers in the financial services sector are not aware of forced labour and exploitation in the UK, a new report has found.
As Europe’s asset management industry readies itself for sweeping reforms to sustainability regulations, leading finance lawyers Matthew Baker, Bernd Geier, and Chris Ormond from international law firm Bryan Cave Leighton Paisner say the reforms hold many exciting opportunities for asset managers.
Moneybrain, one of only four FCA authorised firms in the UK trading cryptocurrency, has welcomed the news that the FCA will still enforce its January 2021 deadline on hundreds of firms and sole traders that make the industry a ‘wild west’.
Fidelity International, the fifth largest asset manager in the world, has outlined plans to “close the gaps” in its climate change initiatives, in its first ever Task Force on Climate-related Financial Disclosures (TCFD) annual report.
The new Financial Services Bill 2019-21, which is currently going through the House of Commons, clearly sets out the government’s preferences as to how the UCITS and PRIIPs regimes will progress post-Brexit, fund data company FE fundinfo says.
The Bank of England has fuelled speculation over whether it will introduce negative interest rates in the UK by asking banks to detail how ready they are to deal with rates going negative.
The Financial Conduct Authority (FCA) is investigating more than 150 Coronavirus-related scams since the outbreak began, according to official figures.
The PLSA has published guidance to help DB and DC trustees navigate the new requirements to publicly disclose their investment and responsible investment activity over the previous year in an “Implementation Statement”.
Any UK business conducting crypto asset related activities will have to register with the FCA by today (30 June, 2020)or cease trading in 2021.
Calls grow for ‘new generation’ UK funds regime to boost industry post Brexit and encourage regional economic growth
Boutique asset management think tank New City Initiative (NCI) is calling for the development of a new UK fund structure that could rival UCITS and AIFs, while decentralising fund management in the country and encouraging regional growth.