Europe
Best Practice | 9 Apr 18
FCA will ‘absorb’ Brexit-related costs
The Financial Conduct Authority (FCA) says its next annual budget and business plan will make explicit the costs associated to Brexit that it will have to absorb, news that will likely be welcomed by the financial services industry.
Best Practice | 6 Apr 18
FCA targets cryptocurrency advisers
The Financial Conduct Authority has set its sights on those offering and advising on cryptocurrency derivatives, saying there will be consequences if they do not comply with current regulation.
Whistleblower in HSBC tax evasion case set free after arrest
A whistleblower who leaked more than 100,000 records from HSBC’s Swiss private banking arm, which led to tax evasion probes across the world, was arrested in Spain but released a day later.
FEIFA adds seven members in three months
The Federation of European Independent Financial Advisers (Feifa) has added seven members to its books in the first three months of 2018, representing membership growth of more than 10%.
Zurich names successor for chief executive EMEA
Gary Shaughnessy is to step down as chief executive for Zurich Europe, Middle East & Africa in the fourth quarter of 2018 for health reasons. His successor has been named as Axa’s Amanda Blanc.