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
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
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
Financial Conduct Authority to appoint independent professional to review allegations that RBS mistreated small business customers
11/27/2013
The Financial Conduct Authority has signalled that it may look to crack down on clauses within mortgage contracts
11/27/2013
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
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
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
The UK Financial Conduct Authority is scrutinising how prices are set in the $20 trillion gold market.
11/26/2013
Memorandum of understanding signed with German financial services regulator
11/26/2013
A third of major UK asset management firms do not have sufficient internal resource to manage their firm’s regulatory risk
11/26/2013
The paper added that the agency is assessing whether there was any criminal activity or whether the bank was engaging in lawful.
11/26/2013
The vote on the tie-up was expected to take place by November 14 but hit delays, thought to stem from McKenna Long partners.
11/26/2013
The FCA has won a legal battle to fine Westwood Independent Financial Planners £100,000 over suitability failings in geared, traded endowment policy sales.
11/25/2013
FCA Slaps Outsourced Wealth Manager With £900k Fine
Wealth manager failed to adequately protect client money, according to notice published by the regulator.
11/25/2013
A PwC survey has found a third of UK asset management firms are unsure they have the resources to cope with growing regulatory demands.
11/25/2013
Britain's Serious Fraud Office is considering the possibility of launching a criminal investigation into allegations that Royal Bank of Scotland mistreated struggling small businesses.
11/24/2013
Litigation partner Frederic Jeannin also joined from STC Partners, while corporate partner Thibaut Caharel joined the team from Parisian firm PDGB Avocats.
11/24/2013
The Financial Conduct Authority has today proposed improvements to the rules and new guidance over investment managers’ use of client commissions. These changes will ensure that charges paid by consumers for executing trades and related services &am