08/12/2012

Former Barclays trader "has cooperated" with Libor probe

The hedge fund, WCG Management, sent an email to its investors on Sunday informing them that the $3.4 billion fund is not under investigation in the Libor probe, but confirmed that portfolio manager Ryan Reich has drawn scrutiny from U.S. prosecutors.

08/09/2012

CISI and FINRA announce cooperation on exams and membership

The FINRA/CISI MoU will ensure that relevant FINRA members holding the Series 7 – General Securities Representative Examination -- will be able to maintain or achieve authorisation as Retail Investment Advisers in Securities and/or Derivatives from

08/09/2012

UK FSA to suggest scrapping LIBOR

Following the recent LIBOR scandal, which has already seen Barclays fined £290m by US and UK regulators for manipulating the rate, the UK regulator will today set out a package of proposals designed to restore trust, the Financial Times reports.

08/08/2012

In London, Censure of an Elite Bank Draws Harrumphs

But now that a state regulator in New York has accused Standard Chartered, one of London’s most reputable banks, of colluding with Iran, Britain seems to be drawing a line against what many here consider American overreaching.