Regions
United Kingdom | 16 Oct 15
FCA bans former UBS rogue trader Adoboli
The Financial Conduct Authority has banned Kweku Mawuli Adoboli, the former UBS trader who unauthorised trading caused the Swiss bank to lose $2.25bn, from performing any function in relation to any regulated financial activity.
Where now for commissions in Europe?
Full commission bans did not materialise in the agreed texts for both both MiFID 2 and the IDD. Paul Stanfield of FEIFA looks at the likely future of remuneration for financial advisers.
Gulf insurance industry set for growth but challenges remain
Government spending in the Middle East on non-oil projects and a steady rise in the penetration of insurance products will support growth in the insurance industry across the six Gulf Cooperation Council nations, according to an industry survey.
Alternatives | 14 Oct 15
ESMA expands list of countries considered for AIFMD passport
The European Securities and Markets Authority is to begin assessing whether Australia, Canada, the Cayman Islands, the Isle of Man, Bermuda and Japan should get access to the marketing ‘passport’ under the Alternative Investment Fund Managers Directive.
United Kingdom | 14 Oct 15
Consumer cost expectations for advice are ‘unrealistic’
UK consumers have unrealistic expectations about the price they can expect to pay for financial advice, according to new research.