Regulation

The Financial Services Authority (FSA) has released a host of communications showing traders' attempts to influence LIBOR submissions, after earlier fining Barclays £59.5m for LIBOR and EURIBOR manipulation.

Barclays has been slapped with the largest-ever fine by the Financial Services Authority (FSA) and a huge penalty by the US authorities after it breached rules regarding LIBOR.

The ban on rebates from fund managers to platform providers is to cost platform operators up to £10m a year, the FSA has estimated.

The Financial Services Compensation Scheme (FSCS) has begun the process of dealing with claims from clients of failed spreadbetting firm Worldspreads.

MONEY ADVICE

The Financial Services Authority (FSA) has warned providers are still using confusion around independence requirements to promote unregulated collective investment schemes (UCIS) to advisers.

UCIS CONCERNS

The FSA has sent letters to IFAs demanding information on their advice around, and dealings with, unregulated collective investment schemes (UCIS) for retail clients over the last four years.

The High Court has rejected a bid for a judicial review into the £54m redress scheme brokered by the Financial Services Authority (FSA) offered by Capita and other businesses to Arch Cru investors.

Money Advice Service (MAS) chairmn Gerard Lemos has defended the organisation against the torrent of criticism it has received, insisting it is "crap".