All articles by Verdict Staff
Verdict Staff
Regulatory Maven, AdvisorAdit partner to offer on demand information delivery service
Regulatory Maven, a provider of securities compliance services to broker-dealer and registered investment advisor firms, has entered into a strategic partnership with AdvisorAdit to offer an on demand information delivery service.
JP Morgan to spend additional US$4 billion on compliance and risk controls – report
JP Morgan is reportedly planning to spend an additional US$4 billion and commit 5,000 extra employees to fix risk and compliance issues after a slew of probes by regulatory authorities.
UK banks could need extra £50 billion capital boost under Basel IV: KPMG
The UK banks would need another £50 billion in order to comply with extra capital requirements to be placed over and above of the incoming ‘Basel III’ package of global banking regulations, acccording to KPMG.
Unfair to label Crown dependency as ‘tax havens’: David Cameron
British Prime Minister David Cameron has said that he believes British overseas territories and crown dependencies should not be labelled ‘tax havens’, after recent efforts to ensure transparency.
Creechurch Capital names head of private wealth
Creechurch Capital, a UK-based boutique discretionary fund manager, has named Arthur Molloy as head of private wealth, the Isle of Man has reported.
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FINRA Foundation survey reveals over 80% of respondents are exposed to financial scams
The FINRA Investor Education Foundation has issued a new research report, Financial Fraud and Fraud Susceptibility in the United States, which reveals that over 80% of respondents have been solicited to participate in potentially fraudulent schemes, and over 40% of those surveyed cannot identify some classic red flags of fraud.
European lawmakers back new law to close ‘Libor loophole’
The European Parliament has voted to back proposals under which companies found guilty of rigging market benchmarks like Libor could be fined equivalent of 15% of their turnover.
Irish recovery underway, but more inclusive growth and job creation needed, says OECD
Irelands economy is now showing encouraging signs of recovery from the financial crisis, but more must be done to reinvigorate growth and create the jobs that will get the country back to full health, according to the OECD.
US wealth market still a favoured destination for Swiss private banks, says Vontobel CEO
The US wealth market remains attractive for Swiss private banks as the number of wealthy clients outweighs any other problems, Vontobel CEO Zeno Staub told reporters at a briefing in London.
Credit Suisse shuffles asset management team
Credit Suisse is shuffling its asset management team to give more responsibility to the newly-hired investment chief at its private banking arm.