More than a decade ago, something extraordinary happened at a hearing of the House Financial Services Committee. One witness pretty much torpedoed legislation that had been written by the panel’s chair. The pending bill would have established a self-regulatory organization to provide oversight of investment advisors. That meant an entity...
Retirement planning is a moving target for many people, and that necessitates having a plan B or even a plan C, financial advisors say. Sometimes it means crumpling up a plan and tossing it out the window, significantly revising income and spending assumptions. That can be the case for as...
Regulatory requirements around retaining and supervising communications across financial services firms have become more stringent, in particular after an unusually high volume of business-related communications on WhatsApp was uncovered. Regulators have put users of this popular platform on high alert, while simultaneously monitoring whether firms are adhering to recent...
Skyline view of the City of London financial district.Mike Kemp | In Pictures | Getty ImagesLONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually.Economists polled by Reuters had projected an annual rise in the headline consumer price index of 8.2%, following May's...
By Mike Whitmire, CEO, FloQast Despite the Bank of England expecting inflation to fall quickly in 2023, it can feel like we’re in a bit of a ‘permacrisis’. Just when your business has managed to weather the storm brought on by the pandemic, the Russia-Ukraine war begins and the cost-of-living...