04/26/2012

EU regulators urge caution on fast trading curbs

The European Parliament and the bloc's member states are approving a reform of securities trading rules known as MiFID, with specific elements curbing high-frequency trading (HFT).

04/25/2012

FSA says 76,700 names are on scammers' suckers list

The majority of those named will be informed via postal mail, although the 19,101 where only an email address is given can expect a heads-up from the FSA to drop into their email in-box in the next few weeks.

04/24/2012

Offshore share sharks who duped British investors jailed

Two men and a woman have been jailed for a fraud where more than £4 million was taken from private investors through share-pushing operations based in Spain and Ireland. Another man will be sentenced at a later date.

04/23/2012

Firms confirm new compliance roles as regulatory deadline looms

Linklaters and Bird & Bird are among the first major firms to nominate new compliance officers, as the Solicitors Regulation Authority (SRA) has given UK law firms until 31 July to appoint someone to take responsibility for the firm's legal pract

04/23/2012

Scottish private client firm launches Glasgow base

The private client specialist, which already has offices in Edinburgh, London, Guernsey and Geneva, has revealed that it is in advanced negotiations to sign a lease on a site close to George Square.

04/23/2012

UK regulator loses UBS supervision test case ‎

The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.

04/23/2012

Italy rules out wealth tax, other new taxes

The government "does not have plans" for a wealth tax or other fiscal measures, Grilli said during testimony before the Chamber of Deputies parliamentary budget committee.

04/23/2012

City regulator fines former BoS banker

Peter Cummings, the man behind Bank of Scotland’s failed corporate bank, has been handed a “warning notice” and punitive fine by the Financial Services Authority.

04/20/2012

New cookie regulations could mean big changes

New EU regulations mean we will soon all need to consent to being tracked on the web - Matt Warman says the potential effects on consumers and websites could be far-reaching.