A Great or Terrible Year to be a Banking IT Manager?

By The Enforcd TeamThe Enforcd Team
Banking IT Manager

Depending on your point of view, this is either a great, or a terrible year to be a banking IT manager.

Three major regulatory burdens are in train: the second payment services directive (PSD2), the general data protection regulation (GDPR), and the second markets in financial instruments directive (MIFID2). It renders the European operations of universal banks completely overstretched, and fighting for the same small pool of contractors and management consultancy support. Continue reading “A Great or Terrible Year to be a Banking IT Manager?”


The Brooklands SIPP Scheme

By The Enforcd TeamThe Enforcd Team
Brooklands SIPP

Brooklands Trustees Limited languishes on the Financial Services Compensation Scheme (FSCS) complex cases page. It was established in 2006, and operated subsidiaries in the UK, New Zealand, Dubai, Australia and Gibraltar. According to its insolvency practitioners, it acted as trustee to over 6,000 individual pension schemes worldwide. Because it operated self-invested pension plans, it was regulated by the Financial Services Authority, and its successor the Financial Conduct Authority. Its pension schemes were also registered with Her Majesty’s Revenue and Customs, and held funds of £650 million. Continue reading “The Brooklands SIPP Scheme”


Update on CFD Leverage Regulatory Changes

By The Enforcd TeamThe Enforcd Team
Update on CFD Leverage Regulatory Changes
In December 2016, the Financial Conduct Authority (FCA) announced their proposals to tighten the rules around selling contracts for difference (CFDs). These complex and highly leveraged financial instruments have become extremely easy for retail investors to access in recent years. This has raised concerns that consumers are not being properly informed and are therefore not adequately prepared for the risks involved.

Continue reading “Update on CFD Leverage Regulatory Changes”