The use of artificial intelligence by wealth managers will amplify weak financial crime controls identified by the Financial Conduct Authority and increase the threat of crime, lawyers warned.
The use of artificial intelligence by wealth managers will amplify weak financial crime controls identified by the Financial Conduct Authority and increase the threat of crime, lawyers warned.
A European Union financial markets watchdog said Tuesday it is floating three new regulatory rules covering reclassification of investment companies as credit institutions when they exceed the threshold of €30 billion ($35 billion) in total assets.
A former employee of the Financial Conduct Authority who was dismissed for gross misconduct urged a London court Tuesday to allow him to bring a challenge against a specialist tribunal's decision to deny him the chance to sue his former employer for surveilling him.
Ernst & Young must face a claim by a former senior manager that he was discriminated against because he had to care for his wife as an appellate tribunal ruled Tuesday that his case had been thrown out too soon.
Financial industry groups launched a cross-sector initiative on Tuesday to digitize raising cash through equity, reduce manual processing and make initial public offerings and secondary share sales more efficient.
Chesnara PLC said Tuesday that it is eyeing further acquisitions and "opportunities to grow the business" after a string of deals which the life insurer and pensions provider expects will significantly expand its business.
