Regulation

The Financial Conduct Authority (FCA), the Prudential Regulatory Authority (PRA) and the Bank of England (BoE) plan to deal with complaints in the 'twin peaks model' in largely the same way as under the current Financial Services Authority's (FSA) process....

The chairman designate of the incoming Financial Conduct Authority (FCA) has said talking to regulated businesses will be a key part of his role at the regulator, and sales incentives are at the top of his agenda.

The Financial Ombudsman Service (FOS) has ruled Intrinsic Independent Limited must repay about £86,000 to a client it gave unsuitable advice to invest his self-invested personal pension (SIPP) into an offshore property unregulated collective investment...

An amendment to the European Parliament's MiFID directive gives individual member states additional powers to ban commission.

Martin Wheatley has called for tougher sentencing powers for white-collar criminals to force them to cut deals and expose other colleagues, the Independent reports.

The US government has postponed the start date of incoming tax regime FATCA to give businesses more time to comply with the rules.

STRESSED OUT

The Financial Services Authority's report into the collapse of Halifax Bank of Scotland (HBOS) is not likely to appear until at least next summer, according to the Independent.

Barclays' wealth arm is in talks with the regulator about charging asset managers administration fees when their funds are recommended for private client portfolios.

The FSA should go further in its DFM transparency drive and oblige discretionaries to publish total expense ratios for their portfolios, according to David Tiller, director of strategy & business development at Standard Life Wealth.