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Asset management in uncertain times
AndrewBailey’s comments in January about investor vulnerability to asset prices wereunexpectedly prescient, as a short time later we grapple with the Covid-19crisis and consequent economic fallout. NeasaMacErlean reports on regulatory issues for the asset management sector.
Online Published Date:
02 April 2020
Appeared in issue:
Vol 32 No 7 - 01 April 2020
DP18/2 and DP20/1: cogitations about culture
Pinning down how to create and maintain a healthy organisational culture is so slippery, that the regulator has opted for publishing discussion papers which feature a plethora of approaches rather than a definitive one. Adam Samuel wades through the initial as well as the most recent such missive.
Online Published Date:
03 April 2020
Appeared in issue:
Vol 32 No 7 - 01 April 2020
LIBOR transition: further instalments from the regulators
“The central assumption that firms cannot rely on LIBOR being published after the end of 2021 has not changed and should remain the target date for all firms to meet,” the Financial Conduct Authority has confirmed in an emphatic statement about the impact of the coronavirus crisis on LIBOR transition plans. Charlotte Hill and Daniel Hirschfield outline recent regulatory developments pertaining to this high-priority issue.
Online Published Date:
03 April 2020
Appeared in issue:
Vol 32 No 7 - 01 April 2020
5MLD and cryptoassets – AML rules extended to disrupters
With cryptoasset businesses in the United Kingdom falling under anti-money laundering rules for the first time, they are faced with a step change in their regulatory obligations as well as new fee-paying requirements. Sushil Kuner and Ian Mason explore the impact of 5MLD on firms carrying out certain cryptoasset activities.
Online Published Date:
03 April 2020
Appeared in issue:
Vol 32 No 7 - 01 April 2020
FCA rushes through coronavirus measures on consumer credit
By Neasa MacErlean
Online Published Date:
03 April 2020
Appeared in issue:
Vol 32 No 7 - 01 April 2020
P2P firms can thrive on robust business strategy and risk controls
Research by Bovill shows that high numbers of those who applied to be authorised as a P2P firm have withdrawn their applications in recent years. Frank Brown argues that P2P players need the right business strategy and an effective control framework, not only to get established in the industry but also to endure.
Online Published Date:
03 April 2020
Appeared in issue:
Vol 32 No 7 - 01 April 2020
FCA outlines sectoral harms
A treatise from the regulator on its concerns inseven key financial sectors is a shot across the bow for firms to get theirrelated affairs in order. Expect more supervisory or even enforcement activityin these areas coming down the track, warns Denis O’Connor.
Online Published Date:
03 April 2020
Appeared in issue:
Vol 32 No 7 - 01 April 2020
Government urged to avoid Brexit disruption in financial services
By Neasa MacErlean
Online Published Date:
07 April 2020
Appeared in issue:
Vol 32 No 8 - 01 May 2020
FCA paves the way for greater use of e-signatures
By Neasa MacErlean
Online Published Date:
21 April 2020
Appeared in issue:
Vol 32 No 8 - 01 May 2020
FCA monitors handling of final PPI complaints, as bill hits £38bn
By Neasa MacErlean
Online Published Date:
28 April 2020
Appeared in issue:
Vol 32 No 8 - 01 May 2020
FCA warns banks over potential corporate lending and insider dealing breaches
By Neasa MacErlean
Online Published Date:
28 April 2020
Appeared in issue:
Vol 32 No 8 - 01 May 2020