Tax & Regulation
Tax & Regulation | 30 Jun 17
FCA to step up scrutiny of financial advice
The UK’s financial services regulator has released new guidelines to measure the success of last year’s Financial Advice Market Review (FAMR), which looked at how to make advice more affordable and accessible.
Naming and shaming better than fines says Singapore regulator
Singapore’s decision not to impose the same hefty fines on banks linked to 1MDB as other countries, but to instead name and punish individuals responsible, is a strong deterrent, said Ravi Menon, managing director of the city-state’s financial regulator.
Best Practice | 28 Jun 17
UK finance industry conflicted over asset management review
Plans by the UK’s Financial Conduct Authority to crackdown on excessive asset management fund charges and improve competitiveness in the sector has been met with a flurry of contradictory responses from different parts of the financial services industry.
Football super-agent denies aiding tax evasion amid Falcao case
Jorge Mendes, a sports agent whose clients include Christiano Ronaldo and Fabio Coentrao, has denied helping footballers evade tax illegally by creating shell companies.
Adviser slams IoM regulator over Quadris Environmental fund
A Shanghai-based financial adviser has heavily criticised the Isle of Man Financial Services Authority (IoMFSA) over how it has handled the fallout of the Quadris Environmental Forestry Fund, which invested in Brazilian teak plantations.