1. Tim Howarth, Head of Financial Services Consulting and Risk Consulting at KPMG, has left the company following an internal investigation into his conduct. Howarth was previously a senior manager at the FCA’s predecessor, the Financial Services Authority (FSA). 2. Howarth, who had worked for KPMG for 15 years, was investigated over allegations of misconduct […]

SEC compliance and registration is the second-most costly compliance chore Global hedge fund managers are spending more than 7% of their total operating costs and more than 10 basis points (as a percentage of assets under management) on compliance — amounting to $700,000 annually for small firms, $6 million for medium firms and more than […]