If the regulator were to uphold the complaint, and force Unicredit to convert the securities into ordinary shares, the bondholders could lose around €2bn.
GDPR is based on the concept of data protection “by design”, meaning that data privacy, risk and compliance needs to be built into the systems, processes and procedures across an organization. There’s a fair amount to unpack with this ne
It also advises clients on what it costs to run a home in a particular area so they can use the information as part of a claim against their spouse, and finds short-term accommodation for those going through the divorce process.
The CPMI and IOSCO also reiterate that, according to the PFMI, an FMI should maintain sufficient liquid resources in a wide range of potential stress scenarios.
Under the second iteration of the Markets in Financial Instruments Directive (MiFID II), the manager has to set client objectives and subsequently build a portfolio, proving they had met them, she explained.
Speech by Andrew Bailey, Chief Executive at the FCA, delivered at a New City Agenda event, Portcullis House, Westminster, London.