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.
12/09/2013
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.
12/08/2013
The case is an unwelcome reminder of alleged Libor manipulation for the bank.
12/05/2013
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.