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OECD unveils ‘global standard’ to combat tax fraud and banking secrecy

A new global standard for the automatic exchange of financial information aims to “put an end to banking secrecy” in tax matters and increase transparency, the Organisation for Economic Co-operation and Development (OECD) said. 23 Jul 2014

FCA given dual role in pensions guidance plan

The government will legislate to give the FCA the power to set minimum standards that independent bodies will have to follow when advising consumers about what they can do with the money accumulated in their pension pots. 23 Jul 2014

Singapore proposes ‘stronger regulatory framework’ for investors

The Monetary Authority of Singapore (MAS) has published a consultation paper aimed at setting up a “complexity-risk framework” to help investors “gauge the riskiness” of investment products. 23 Jul 2014

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