Verena Ross, international director of the FSA, is vying to become executive director at the European Securities and Markets Authority (ESMA), according to reports.

The Investment Management Association (IMA) has confirmed it is leading efforts to shore up troubled Keydata-backer Lifemark, as part of a bid to recoup the fund management sector's £233m FSCS bill.

Over 35 Barclays branches were picketed over the weekend as protesters vented anger the financial giant paid just 1% in UK corporation tax in 2009, after making a record £11.6bn profit.

A former editor of the Financial Times was today named alongside a professor, a banker and an ex-vice chairman of the Federal Reserve as external members of the interim Financial Policy Committee (FPC).

The government has bowed to industry pressure to make the new Financial Conduct Authority (FCA) more open and accountable to the industry and MPs than its predecessor the FSA.

With some 200 submissions received by the Treasury Select Committee (TSC) this month, the RDR looks far from being a fait accompli.

The Stirling Mortimer Global Property fund has so far been repaid just €3.5m of the €9.8m its lawyers misappropriated from its Cape Verde cell, leaving a €6.3m hole in the Spanish property vehicle.

The Financial Ombudsman (FOS) has told an investor who alleges Norwich & Peterborough (N&P) mis-sold him a Keydata investment to seek compensation from the industry-funded FSCS instead.

Sterling fell against the dollar and the euro after the Bank of England downgraded its economic growth forecast for 2011.

The FSA has levied fines totalling £143,500 on two firms which failed to check the suitability of the pension switching advice they gave their customers.