Regulation

The Financial Ombudsman Service (FOS) today proposed a modernisation of its funding model which could increase the number of free cases for small businesses from three annually to as many as 25.

A former chief executive officer of UBS AG's wealth management unit who is challenging a £100,000 FSA fine was yesterday accused of failing to control the activities of his team, allowing them to make up to 50 unauthorised trades per day.

Advisers should expect a sharp focus on their investment propositions when the Financial Services Authority (FSA) begins its review of small firms later this year, according to Simplybiz managing director Matthew Timmins.

Last year's promised changes to regulation - which have long been going on in the background - gripped financial services publicly.

Adviser Alliance is looking to take on new directors in a bid to move the organisation to a "new level" where it can challenge the remit of the FCA.

MPs have put their weight behind plans for the regulator to be able to publish warning notices about a firm, even before a final decision is made in the case.

The Financial Services Authority (FSA) has banned and fined a former client adviser at UBS AG £150,000 for failing to act with integrity.

Britons rank second in a list of non-US nationals most keen to tip America's regulators off about suspected financial crime, according to the first annual report on the Securities & Exchange Commission's whistleblower program.

Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.

Sir Fred Goodwin could face criminal charges after the FSA's report into the collapse of the Royal Bank of Scotland (RBS) suggested the bank's directors broke Britain's accountancy laws.