Regulation

The Financial Services Compensation Scheme (FSCS) has begun reimbursing firms some or all of their share of a £326m interim levy after they successfully applied for a refund.

Star fund manager Patrick Evershed said he raised concerns with the FSA about allegations its staff bonuses are tied to the regulator's relationships with institutions, in the latest twist during his employment tribunal.

Industry leaders have warned the upcoming FATCA regulations from the US are "as big as RDR" and could cost the UK hundreds of millions of pounds.

Investors could be faced with a plethora of fund charging models post-RDR as well as higher overall costs and ‘premium' prices for a top tier of better performing funds or specialist mandates.

Coutts, the private bank owned by the Royal Bank of Scotland (RBS), is expected to be fined in the region of £6m by the Financial Services Authority (FSA) today for the mis-selling of bonds issued by failed US insurer AIG.

M&G global head of retail sales says industry is awash with mediocrity, which must be eradicated.

Ten of this week's best-read stories...

The Insolvency Service has wound up two land banking firms in the latest clampdown on the fraudulent investment activity.

MoneySavingExpert's Martin Lewis has written an open letter to Prime Minister David Cameron urging him to push through compulsory financial education in schools.

An insurance director banned and fined by the the Financial Services Authority (FSA) for allowing a £1.43m fraud which ended up bankrupting his company has had his appeal refused at the Upper Tribunal.