InVest: developments affecting banks, wealth managers, brokers and funds — August 2012
This month’s round-up of developments affecting banks, wealth managers, brokers and funds sees: new government proposals for consumer rights; an EBA opinion on the shadow banking green paper; developments relating to LIBOR; and final texts adopted relating to EMIR, PRIPs, UCITS V and MiFID.
The FSA has published a website containing a regulatory round-up for small firms. This includes information relating to:
- attempted fraud against brokers
- the establishment of the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA); complaints handling; guidance on independent and restricted advice; a new UCIS website, and
- investment quality of advice processes…
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News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
The Law Commission is conducting a limited consultation on the first available draft clauses from its proposed Insurance Contracts Bill.
InCredit March 2014 — mortgages: Mortgage Credit Directive text published in OJEU; FCA publishes findings to MCOB survey; and more
The text of the Mortgage Credit Directive (MCD) (2014/17/EU) has been published in the Official Journal of the EU.
Analysis from The Lawyer
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?
The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.