FCA

INDUCEMENTS

The Financial Conduct Authority (FCA) has fined Clydesdale Bank (Clydesdale) £8.9m for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages.

The Financial Conduct Authority (FCA) has fined ICAP Europe Limited (IEL) £14m for misconduct relating to the London Interbank Offered Rate (LIBOR).

The Association of Professional Financial Advisers (APFA) has written to the regulator to ask for a period of regulatory certainty to allow advisory firms to adapt fully to the Retail Distribution Review (RDR).

The Personal Finance Society (PFS) will lead its regional conference programme on adviser charging.

The Financial Conduct Authority (FCA) is preparing to enforce new absolute return disclosure requirements but has opted not to implement the more stringent proposals some had recommended.

The Financial Conduct Authority (FCA) is increasingly turning its focus to individual mortgage products and more intervention in the market is likely, according to Deloitte.

Partnership Life Assurance Company, part of the Partnership Assurance Group, has confirmed it is the subject of a Financial Conduct Authority (FCA) investigation into potentially unsuitable distribution deals with advisory firms.

J.P. Morgan has been fined a total of $920m (£571m) over the infamous 'London Whale' trades which led to derivatives losses last year of $6bn (£3.7bn).

The Financial Conduct Authority (FCA) yesterday published the findings of a review into potential inducements between providers and advisers - but there are a few things the paper failed to mention, according to Threesixty.