From Skadden, Arps, Slate, Meagher & Flom LLP: On June 23, the UK electorate took the historic decision to leave the European Union (EU), a process that has never been undertaken by any member state.
From Capco: The transition to a T+2 settlement cycle continues to be an ongoing industry-wide initiative with a target go-live date of September 5, 2017. Robust, end-to-end testing is a critical step in the path to readiness.
From Capco: Evolving client needs, disruptive technology, rising costs and regulatory pressures are putting a strain on the overall profitability of the wealth management industry. Subsequently, these firms are operating a suboptimal business model that prohibits growth.
The recent leak of the Panama Papers illustrates the reputational and regulatory risks that shell companies can pose to financial institutions.
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