Investment Management Update: FCA’s 2014 Risk Outlook; consumer complaints fall; European Parliament draft agenda; and more
The Financial Conduct Authority (FCA) has published its risk outlook for the year. The outlook is split into two parts entitled ‘drivers of risk’ and ‘the evolving risk landscape’.
The ‘drivers of risk’ are: inherent factors within the marketplace — the FCA looks for ways in which firms or consumers could be taking advantage of such factors so as to further their own interests; structural and business conduct features — the FCA believes inadequacies in this area are particularly prevalent when markets are not functioning well, some high-profile examples being incentivisation and conflicts of interest; and environmental conditions — predominantly economic situations and technological developments that the FCA has observed affecting consumer behaviour and the business strategies of firms, as well as policy and regulatory changes…
Click on the link below to read the rest of the Macfarlanes briefing.
News from The Lawyer
Briefings from Macfarlanes
M&A Weekly Update: forced sale of shares does not qualify as ‘an offer to the public’ requiring publication of prospectus; and more
Macfarlanes has released its M&A Weekly Update for the period 27 June to 3 July 2014.
Investment Management Update — 4 July 2014: FCA Handbook Notice 13; ESMA updates Q&As on AIFMD; and more
Macfarlanes has released the 4 July 2014 issue of its Investment Management Update.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.