Search Results for: Insurance Authority
Barclays gains Profit But Investment Banking Revenue declines
July 30th, 2014
Barclays said on Wednesday that it had swung to a profit in the second quarter, but that it was hurt by lower revenue in its investment banking unit and by higher provisions for improperly sold insurance. The British bank ...
UBS, Deutsche Bank questioned by U.S. regulators on trading operations
July 29th, 2014
Germany’s Deutsche Bank (DBKGn.DE) and Switzerland’s UBS (UBSN.VX) were investigated by U.S. regulators, who are searching to find whether broker-run stock exchanges gave an unfair advantage to high-frequency traders. The investment banks, which said on Tuesday that they were ...
Boehner Says Obama Lawsuit Will Focus on Health Law
July 11th, 2014
Speaker John A. Boehner’s lawsuit against President Obama will focus on changes to the health care law that Mr. Boehner says should have been left to Congress, according to a statement issued Thursday by the speaker’s office. By narrowly ...
SRA approves PII reform
July 4th, 2014
The Solicitors Regulation Authority is forging ahead with its plans to cut the minimum compulsory cover for professional indemnity insurance (PII) from £2m to £500,000, despite strong opposition from the Law Society and criticism from the Legal Services Consumer ...
FSMA to ban certain financial products’ marketing
May 22nd, 2014
The Financial Services and Markets Authority (FSMA), the Belgian regulatory authority, published an announcement as follows: The marketing of certain financial products to retail clients in Belgium will be banned starting on 1 July 2014. The Regulation to this ...
FCA warning against unauthorised firms
May 8th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that the following firms are not permitted to provide any financial services or products: TBR Assured Limited t/a Personal Touch Insurance QuickCash (www.quickcash.co.uk) ...
FCA warning against unauthorised firms
May 5th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that the following firms are not permitted to provide any financial services or products: Krono Partners plc (www.propertybondinvestor.com) Skylade Insurance Services (http://www.skylade.com) ...
FRB: Agencies Issue Proposed Rule on Minimum Requirements for Appraisal Management Companies
March 24th, 2014
Six agencies today issued a proposed rule that would implement minimum requirements for state registration and supervision of appraisal management companies (AMCs). An AMC is an entity that serves as an intermediary between appraisers and lenders and provides appraisal ...
FCA fined Besso Limited
March 19th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has fined Besso Limited £315,000 for a failure to take reasonable care to establish and maintain effective systems and controls for countering the risks of bribery and corruption. According to ...
Bank of England launches strategic plan
March 19th, 2014
The Bank of England today launched its Strategic Plan, following a six month exercise led by the Executive Committee of the Bank. The Plan, to be implemented over the next three years, provides an ambitious agenda to transform the ...
