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Regulation

Regulation

Barclays sets aside £500m for forex probe as Q3 profits jump

Barclays has reported a 15% rise in Q3 profit but also set aside £500m for potential fines relating to manipulation of foreign exchange markets.

clock 30 October 2014 •

Regulation

SFO to launch criminal probe into Tesco accounting error

The Serious Fraud Office (SFO) is to launch a criminal inquiry into Tesco after its accounting failure led the firm to overstate profits by £263m, according to reports.

clock 29 October 2014 •

Regulation

LIBOR probe: Thirteenth person charged

The Serious Fraud Office (SFO) has begun criminal proceedings against broker Noel Cryan in connection with the manipulation of the London inter-bank offered rate (LIBOR).

clock 29 October 2014 •

Regulation

FCA proposes restricting sales of mutual society shares

The Financial Conduct Authority (FCA) is proposing to limit the distribution of mutual society shares to 'sophisticated' or high net worth investors, unless specific requirements have been met.

clock 29 October 2014 •

Regulation

Jailed adviser ordered to return £55k to clients

A former Positive Solutions adviser has been ordered to repay £55,000 to the clients she stole from.

clock 27 October 2014 •

Investment

Harlequin investors drop case against chairman and wife

A group of investors in troubled overseas property scheme Harlequin have dropped a case against the scheme's chairman David Ames, and his company director wife Carol, that alleged the pair made false claims about the investment.

clock 24 October 2014 •

Regulation

FCA plans to fine IFA £290k for catalogue of investment failings

The Financial Conduct Authority (FCA) is seeking to ban and fine an adviser £290,000 for a series of failings, including that he falsified the signatures of two clients to register them as 'sophisticated' investors.

clock 23 October 2014 • 1 min read

Regulation

FCA sets out to bust myths about its rules

How the regulator is striving to bust myths about its rules

clock 22 October 2014 •

Regulation

FSCS pays out £21m for network mis-selling legacy

The Financial Services Compensation Scheme (FSCS) has so far paid out £21.2m in claims related to the collapse of adviser network Alpha 2 Omega (A2O) after finding widespread mis-selling of unregulated collective investment schemes (UCIS).

clock 21 October 2014 • 2 min read

Regulation

Bank of England tells bankers to prepare for pay cuts

The Bank of England's Sir Jon Cunliffe has warned bankers they are paid too much and should expect a salary cut following a sharp drop in banks' profits.

clock 21 October 2014 •
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