Regulation

The Financial Conduct Authority (FCA) has confirmed for the first time it has joined an international probe into the alleged rigging of the multi-trillion dollar trade in interest rate derivatives.

The Bank of England (BoE) has elected to hold the base rate at 0.5% and maintain the size of its quantitative easing (QE) programme at £375bn.

Small businesses mis-sold interest rate hedging products by high street banks have so far accepted £500,000 in compensation but the figure is likely to rise significantly, the Financial Conduct Authority (FCA) has said.

The Financial Conduct Authority (FCA) has announced a review of complaints handling and management in major firms, including building societies.

The Financial Conduct Authority (FCA) has fined Aberdeen £7.2m for failing to protect client money in relation to money market deposits.

The Investment Management Association (IMA) has created two new regulatory affairs director roles as part of a restructure to help the trade body meet its strategic priorities.

Oxford Risk, a spinout of the University of Oxford, has developed an online risk profiling service that gives investors and advisers access to professional risk assessments.

The Financial Conduct Authority (FCA) has written to advisers asking them why they failed to comply to its redress scheme rules in reporting back on the number of eligible Arch Cru claimants they had on their books.

The Financial Services Compensation Scheme (FSCS) is considering whether it will pay compensation to those invested through the troubled self invested personal pension (SIPP) operator HD Administrators (HDA).

The Financial Services Compensation Scheme (FSCS) has so far compensated 1,700 claimants with a total of £32m in relation to the failed CF Arch Cru funds.