12/12/2013
The FOS has upheld a complaint against a high-profile adviser over a Keydata recommendation, despite the client being an experienced Tep investor and it making up a small part of their portfolio.
12/12/2013
The move by the Dutch central bank (DNB) and financial markets regulator AFM came weeks after they were criticized by Finance Minister Jeroen Dijsselbloem for failing to act on early signals of rigging of the Libor benchmark interest rate.
12/12/2013
Four former bosses from the Icelandic bank Kaupthing have been sentenced to between three and five years in prison.
12/11/2013
Despite the low vote of confidence for the FCA, only 12% globally believed that the US' Securities and Exchange Commission had found the balance between growth and protection, with the figure the same for US respondents.
12/11/2013
The Financial Conduct Authority has fined Lloyds TSB Bank plc and Bank of Scotland plc, both part of Lloyds Banking Group, £28,038,844 for serious failings in their controls over sales incentive schemes.
12/11/2013
Before the European summer in 2013, the UK government announced proposals that would require companies to obtain and hold information about their ownership and control
12/11/2013
U.K. regulators may issue the first penalties against individuals in their probe of Libor manipulation as soon as next month
12/11/2013
Banks have responded to FCA calls to speed up the compensation process over mis-sold interest-rate hedging products, said Clive Adamson.
12/11/2013
The bank was deemed to have “lacked adequate risk management and legal review policies and procedures” when dealing with dollar payments conducted outside the US.
12/11/2013
He is wanted by the Russian authorities after a Russian court sentenced him to five years in jail in June 2011 for fraud.
12/10/2013
Mr Wheatley explained the charging structures relating to investment management have sparked concerns for the regulator, which has noted a distinct lack of transparency and accountability.
12/09/2013
Sixteen European institutional investors are suing rating agency Standard and Poor's, and the Royal Bank of Scotland, for $250 million over losses on so-called toxic financial products during the 2007-08 financial crisis
12/09/2013
It is sometimes asserted that the Basel capital framework prescribes a zero risk weight for bank exposures to sovereigns.
12/09/2013
Bob Diamond in court for Libor-rigging claim
The former chief executive of Barclays is set to appear as a witness in an “exceptional” case that could open the floodgates to thousands of businesses claiming that Libor-rigging by Barclays caused them financial losses.
12/09/2013
The group also set out a series of steps for managing exits from contracts with providers in order to promote efficient transitions.
12/09/2013
Three hedge fund managers arrested by British authorities in February will not face criminal charges
12/09/2013
Overall, 49% thought that no regulator had succeeded in this respect, with a majority of respondents in the US and the UK holding this view.
12/09/2013
Regulators have surprised German bank IKB, one of the highest-profile casualties of the financial crisis
12/09/2013
No head has been decided as yet but the firm is looking at hiring in Amsterdam and will model the office on its recent international openings.
12/09/2013
Pinsent Masons is expanding its French presence with the acquisition of six-lawyer boutique Ichay & Mullenex Avocats.