FSR and Corporate Crime Notes
Tag: conflict of interest
Showing 12 out of 12 results
Amendments to the regulatory regime for dark pool operators in Hong Kong
On 15 May 2015, the Securities and Futures Commission (SFC) published its consultation conclusions concerning the regulation in Hong Kong of dark pools, …
Some positive FCA feedback on conflicts of interest for Wealth Management firms
In welcome news for the industry, the FCA in late November 2014 expressed pleasure in reporting generally positive findings from its thematic review …
USA: Delaware Chancery Court finds bank's "unclean hands" bar contribution from co-defendants, orders payment of $76 million damages
On October 10, Vice Chancellor J. Travis Laster of the Delaware Chancery Court issued an opinion ordering RBC Capital Markets LLC ("the Bank") to …
UK: FCA publishes some final changes (and further proposals for change) to the Sponsor Regime
On 26 September, the FCA published its response to its January consultation paper in relation to sponsor competence (CP14/2), together with a further …
Banking Litigation update
We have published our latest Banking Litigation Update, summarising some of the more important cases and developments affecting UK financial institutions …
EU: MiFID Review - phase two begins
The European Securities and Markets Authority (ESMA) is consulting on the implementation of the revised Markets in Financial Instruments Directive …
RDR in practice: FCA concerns that inducements may be undermining RDR objectives (Thematic Review and Guidance Consultation13/5)
The FCA has published findings from its recent thematic review into payments (and other benefits) by life insurers to advisory firms, which highlights …
Further enforcement action by UK FCA in relation to suitability issues in wealth management
The UK's Financial Conduct Authority (FCA) has imposed a £1,802,200 fine on AXA Wealth Services Ltd (AXA) for failing to ensure the investment …
UK: FCA provisional decision to fine and ban former NED of financial firm for failing to disclose conflicts of interest
The FCA has published a notice of its decision to fine a former non-executive director (NED) of two mutual societies £154,800, and …
UK: the FCA's thematic review of insurance claims processes
In a speech on the growth of UK insurance entitled "Meeting the growth challenge", Martin Wheatley, Chief Executive of the Financial …
UK: further thoughts on skilled persons reports
Further to our post yesterday, the FT Adviser has today published an article on this topic. It notes that the FSA had argued that direct …
Courts offer robust assessment of mis-selling claims by high net worth clients
Two court judgments issued in the last few weeks have highlighted the importance of testing properly the evidence of investors who bring mis-selling …