Michael McKee, the head of financial services regulation at global law firm DLA Piper, says the European Parliament’s rejection of three of the technical standards will be “of some concern to the industry”.
Meanwhile, a new survey out today from executive search firm Wilkinson Partners and law firm Withers recorded a seven per cent increase in the number of female partners hired in the tax and private wealth sectors.
In their 2015 manifesto the Conservatives pledged to get rid of the rule, but the promised Votes for Life Bill has yet to materialise, despite pressure from campaigners.
It asked the European Securities and Markets Authority to revisit its proposed rules on displaying bond prices, which the fund industry had previously warned would have a “seismic” impact on fixed income liquidity.
Mr Ryan’s business partner, Mohammed bin Abdulrahman al-Bisher, the Saudi Arabian ambassador to the United Arab Emirates, is suing him for the return of money he claims he paid into the businessman’s personal bank account.