ESMA to launch Common Supervisory Action on MiFID II sustainability requirements

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The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, will launch a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) on the integration of sustainability in firms’ suitability assessment and product governance processes and procedures in 2024. The goal of the CSA will be to assess the progress made

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FCA bans Simon Hughes for failures in advice given to British Steel Pension Scheme Members

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The FCA has banned Simon Hughes of S&M Hughes Limited (in liquidation) from advising customers on pension transfers and pension opt outs, and from holding any senior management function in a regulated firm. Mr Hughes will also pay £158,600 to the Financial Services Compensation Scheme (FSCS) to contribute to redress due to his customers, most

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Speech by Giuseppe Siani on artificial intelligence and the financial system

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Giuseppe Siani, Capo del Dipartimento Vigilanza Bancaria e Finanziaria, è intervenuto su "AI-driven bank: Opportunità e sfide strategiche per il sistema finanziario e la vigilanza" in occasione del Banking Insight 2023 organizzato a Milano da Boston Consulting Group.

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