Tag Archives: client money
The Financial Services Authority (FSA) has fined BlackRock Investment Management (UK) Limited (BIM) £9,533,100 for failing to protect client money adequately by not putting trust letters in place for certain money market deposits, and for failing to take reasonable care …
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The Financial Services Authority (FSA) has issued a combined Consultation Paper (CP) and Discussion Paper (DP) that proposes a number of changes to the client money and custody assets (collectively “client assets”) regime for firms that undertake investment business. In …
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Australia’s financial regulator has been highlighting brokers implementation of Client Money rules post MF crisis. The Australian Securities & Investments Commission review of client money handling and reconciliation practices has shown non-compliance by a number of issuers of over-the-counter contracts for …
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The Financial Services Authority, UK financial services regulator has included spot forex contracts in its Title Transfer Collateral Arrangements since 1st October 2011. The regulator has been under extensive pressure post Lehman and Credit Crisis by governments and industry bodies to …
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