Search Results for: Insurance Authority
FINMA condenses and modernises corporate governance requirements for banks
March 2nd, 2016
The Swiss Financial Market Supervisory Authority FINMA is consolidating its corporate governance, internal control system and risk management supervisory requirements for the banking sector. This consolidation will take the form of a single circular incorporating findings from the financial ...
FCA launches ‘Live & Local’: a new regional programme to help local firms engage with regulators
March 2nd, 2016
The Financial Conduct Authority (FCA) has launched ‘Live & Local’, a regional programme which will include a series of events, workshops and roundtables, taking place across 12 regions in the UK. The programme will help firms in the investment, ...
Lloyds profits fall on PPI claims
February 25th, 2016
Lloyds Banking Group has reported a 7% fall in annual pre-tax profits to £1.6bn compared with £1.8bn a year earlier. The bank increased provisions for payment protection insurance (PPI) compensation in the year to £4bn. That was after the City ...
FINRA Warns High-Yield CD Offers Can Be Bait for High-Commission Investments
February 11th, 2016
Advertisements touting higher-than-average CD yields might actually be a lure to trick investors into buying costly investments, the Financial Industry Regulatory Authority said today in a new Investor Alert. “In light of today’s low interest rates, these ads attract attention. ...
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
BaFin has published a report on FinTechs: Young IT companies on the financial market
February 1st, 2016
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) of Germany, has published a report on the topic FinTechs: Young IT companies on the financial market. According to BaFin, an internal BaFin project group started work on the topic ...
A stronger Banking Union: New measures to reinforce deposit protection and further reduce banking risks
November 25th, 2015
Today, the Commission has proposed a euro-area wide insurance scheme for bank deposits and has set out further measures to reduce remaining risks in the banking sector in parallel. The recent crisis has shown that large economic and financial ...
BaFin and the SEC: An international comparison of supervisory practice
November 3rd, 2015
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is often compared to the U.S. Securities and Exchange Commission (SEC) in the media and by the public. The SEC is frequently perceived as the more powerful authority, in ...
Barclays sets aside £290m for foreign exchange compensation
October 30th, 2015
Provision for customers takes Barclays’ legal bill to £2.3bn in nine months, as critics say latest move does little to restore company’s tarnished reputation Barclays is embroiled in yet another scandal after admitting it expects to pay £290m to compensate ...
Isle Of Man To Unify Financial Regulators
October 27th, 2015
The Isle of Man Financial Services Authority will come into being on November 1, when three of the island’s regulators will merge. The FSA will take over the roles of the Isle of Man Financial Supervision Commission, the Insurance ...
