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Regulation

Regulation

Sheila Nicoll to leave FSA in April

Sheila Nicoll, director of policy at the Financial Services Authority (FSA), has announced her decision to leave the organisation when it transitions to the Financial Conduct Authority (FCA) in April this year.

clock 23 January 2013 •

Regulation

FSA to spend £5m on outside analysts

The Financial Services Authority (FSA) and its successors are to spend as much as £5m on hiring outside consultancies to carry out economic analysis.

clock 21 January 2013 • 1 min read

Regulation

Financial Services Consumer Panel seeks £60k a year chair

The Financial Services Consumer Panel (FSCP), which is set up to represent consumers in the financial sector, is advertising for a new chairperson with an annual salary of £60,000.

clock 21 January 2013 • 1 min read

Regulation

FSCS to review eligibility of Arch Cru opt-out claims

The Financial Services Compensation Scheme (FSCS) is to review the issues raised by the Financial Services Authority's (FSA) Arch Cru redress scheme for the purpose of deciding claims.

clock 16 January 2013 •

Regulation

RBS could face £500m fine over role in Libor rate-rigging

Royal Bank of Scotland is facing the prospect of a £500m fine over its role in the Libor interest rate-rigging scandal.

clock 16 January 2013 •

Economics / Markets

RBS rate-rigging fine 'could be £500m'

The scale of the fine due to be levied on the Royal Bank of Scotland (RBS) for its attempts to manipulate the Libor interest rate could be as high as £500m, according to reports.

clock 15 January 2013 •

Regulation

US regulators castigate JPM Chase after $6.2bn trading loss

J.P. Morgan Chase was last night ordered to improve its risk management following a $6.2bn (£3.8bn) derivatives trading loss highlighted by a London-based employee dubbed the "Whale".

clock 15 January 2013 •

Offshore Investment

AIC warns more products could be caught by UCIS ban

The Association of Investment Companies (AIC) has warned offshore investment trusts and UK REITs could be under threat from Financial Services Authority (FSA) proposals to ban promotions of unregulated collective investment schemes (UCIS) to ordinary...

clock 14 January 2013 •

Regulation

FOS rules IFA must repay £150k in UCIS case

The Financial Ombudsman Service (FOS) has ruled that an IFA should repay an investor £150,000, the amount he recommended he invest in a troubled unregulated collective investment scheme (UCIS).

clock 11 January 2013 •

Regulation

'Dracula and The Wolfman': IFA raises TCF concerns over closed companies with FSA

An IFA is planning to raise with the Financial Services Authority (FSA) concerns he has that some closed fund companies are not treating customers fairly.

clock 11 January 2013 •
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