(Editor’s note: David Bailey, group head of marketing and communications, Augentius, spoke to FTF News about the need for transparency among the general partners, limited partners and regulators, particularly as the CHOICE Act bill, a Republican alternative to the Dodd-Frank Act, is proposing cut the SEC registration requirement for private equity investment advisers. The private… Read More >>
FCA Threadneedle Fine Highlights Trading Control Flaws
After providing inaccurate information to a U.K. regulator about its fixed income trading processes in 2011, U.K.-based Threadneedle Asset Management Ltd. fell prey to a fraudulent trade made via its emerging markets debt desk, according to the Financial Conduct Authority (FCA), which fined the firm £6,038,504 ($8.9 million) on Dec. 15, 2015, according to the… Read More >>
Can Banks Really Create a Culture of Compliance?
The Financial Conduct Authority’s (FCA) recent decision to fine Barclays a record £72 million ($108.3 million) for the alleged poor handling of financial crime risks will likely serve to reinforce the public perception of greedy bankers. But have financial institutions made any progress in developing a more positive culture in the new regulatory era of… Read More >>
