Financial services trade body collapses as money disappears

The International Centre for Financial Regulation (ICFR) has gone into administration after the board became aware that a "significant sum of money" appeared to have been removed from the organisation's bank accounts without authorisation from the board, Insolvency News reports. The directors of the ICFR include many directors in the international financial services community, including Clydesdale and National Australia Bank director Barbara Ridpath who was previously also executive managing director at Standard & Poor's. David Anthony Currie - aka Baron Currie of Marylebone - was als...