On 16 March 2010, the Committee of Advertising Practice (CAP) and the Broadcast Committee of Advertising Practice (BCAP) launched revised codes for broadcast advertisements and non-broadcast advertising (the codes). The revised codes follow a consultation launched by CAP and BCAP in March 2009 on revisions to the codes intended to keep them up to date […]

UK Bribery Bill: ten things you should know (Norton Rose article) – Norton Rose has published 10 key points that all corporates should be aware of in relation to the fortcoming bribery Bill, which is expected to be enacted in the course of 2010. The corporate community has become accustomed to the US authorities frequently […]

CII announced the “Aldermanbury Declaration”, which calls on the general insurance industry to commit to high levels of professionalism to highlight the market’s intent to raise its standing and reputation with the public. The Declaration calls on intermediaries and insurers to make sure their key individuals are qualified to “advanced diploma level”. Insurers should also […]

HSBC has said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank. Switzerland’s financial regulator FINMA was investigating the theft, it said on Thursday, while a source close to the UK’s Financial Services Authority, the bank’s lead regulator, […]

On 25 February 2010, the FSA published a speech given by Dan Waters, FSA Director of Conduct Risk and Asset Management Sector Leader, in which he provided an update, and the FSA views, on the status of the negotiations on the proposed Alternative Investment Fund Managers Directive (AIFM Directive). In his speech, Mr Waters commented […]

Fidelity fires two Hong Kong managers – Fidelity International has fired two veteran fund managers in Hong Kong for breaching its internal compliance code and putting “personal interests ahead of those of the company”. Industry sources believe that the two managers – Kevin Chang and Wilson Wong – had been operating personal trading accounts in […]

CEBS publishes high-level principles for risk management – On 16 February 2010, the Committee of European Banking Supervisors (CEBS) published its high level principles for risk management (principles). On 8 April 2009, CEBS announced that it intended to consolidate into a comprehensive guidebook its various existing principles and guidelines addressing risk management issues and that […]

Live audio webinar: Shah v HSBC what does the decision mean? – As part of Comsures own CPD all of its employees, consultants and selected clients will be participating in the public Herbert Smith webinar on Shah v HSBC and what does the decision mean? this webinar will be held on Tuesday 23 February 12.45-1.45pm […]