12/09/2013
G & E Wealth Management targeted by scammers
York-based firm G & E Wealth Management is the latest to have been targeted by scammers impersonating the company's advisers, the Financial Conduct Authority has warned.
Legal, Regulation & Compliance
12/08/2013
More libor woes ahead for Barclays
The case is an unwelcome reminder of alleged Libor manipulation for the bank.
12/05/2013
Apfa sounds alarm over access to advice
NMG Consulting surveyed 250 advisers and found that 47% had turned clients away this year because the cost of their services were too high for those clients' needs.
12/04/2013
The FCA's focus on integrity and in particular investment managers - Withers
On 14 November 2013 the FCA’s chief executive gave a speech which focused on conduct and ethics within firms, which he said poses significant challenges for investment managers in particular.
12/04/2013
Manx Court Rules on Bank Confidentiality
Some 140 bank customers could be affected by a Manx high court ruling on tax disclosure with the Irish Revenue.
12/03/2013
Asset management compliance has just 30% physical presence
Just under a third of compliance functions in surveyed UK asset management firms have staff who sit with the rest of the business,
12/03/2013
EU fines banks over rate-rigging
The cartels operated in markets for financial derivatives, which are products used to manage the risk of interest rate movements.
12/02/2013
FCA warns investors against unauthorised firm
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by the FCA.
12/02/2013
JPMorgan Said to Snub Euribor Deal as EU Readies Bank Fines
An EU accord includes a finding of liability that can be used in civil cases.
12/01/2013
Wealth Adviser Guilty of Murdering Client and £343k Fraud
A financial adviser has been found guilty of murdering a client and defrauding him of £343,000.
12/01/2013
Ratings agencies 'deficient' says European regulator
The European Securities and Markets Authority said Fitch, Moody’s and Standard & Poor’s gave junior staff responsibility for sovereign ratings and had “inadequate” procedures in place to ensure market sensitive.
11/30/2013
FCA Faces Calls for More Disclosure on Currency-Rigging
The trade group wrote to the Financial Conduct Authority in recent weeks, asking how it should respond to clients’ inquiries about whether currency markets are being rigged.
11/28/2013
Swiss regulator urges banks to come clean on U.S. tax offences
Both the U.S. and Switzerland are eager to draw a line under a probe into undeclared money wealthy Americans have stowed in tax havens.
11/28/2013
City Regulator to Appoint Independent to Review RBS Business Lending
Financial Conduct Authority to appoint independent professional to review allegations that RBS mistreated small business customers
11/27/2013
FCA Looks to Crack Down on SVR Rate Hikes
The Financial Conduct Authority has signalled that it may look to crack down on clauses within mortgage contracts
11/27/2013
FNZ Selects Euroclear For Fund Settlement
In the UK, FNZ powers the wealth platforms for a significant portion of the market including Standard Life, AXA, Zurich, Friends Life, Close Brothers, JPMorgan Asset Management and HSBC.
11/27/2013
Apfa’s Gummer Urges FCA to Prevent ‘Bad Advisers’ From Resurfacing
The Association of Professional Advisers has called for the Financial Conduct Authority to do more to ensure advisers with a history of bad practice
11/27/2013
FCA further delays SIPP capital adequacy proposals
The regulator will now aim to publish its proposals for the minimum cash reserves SIPP providers will be required to hold within the first half of next year.
11/26/2013
Gold price-fixing scandal: UK's FCA scrutinises $20 trillion gold market
The UK Financial Conduct Authority is scrutinising how prices are set in the $20 trillion gold market.
11/26/2013
Agreement Paves Way for Marketing Cayman Funds
Memorandum of understanding signed with German financial services regulator