Financial Conduct Authority (FCA)
Banks welcome FCA focus on commodity trading houses
UK regulator right to question risk posed by commodity trading houses, bankers argue
FCA calls a halt to ongoing commission on retail products
FCA guidance on inducements will put an end to ongoing commission paid by distributors to advisers in the UK
First stage of IRHP redress complete
FCA-ordered review finds 18,737 'non-sophisticated customers' sold hedges, most against the rules; payout could reach £2.67 billion
AIFMD applications face timing pitfalls
Timing applications
Few hedge funds applying for AIFMD authorisation
Funds delay on AIFMD authorisation
Dealing with a Section 166 review
Over £176 million spent on Section 166 reviews last year – can you afford to get it wrong?
UK and EC clash over forex reporting exemption
The FCA and EC diverge over whether certain forex derivatives are subject to mandatory reporting
FCA names 'skilled persons' for RBS lending review
Promontory Financial and Mazars will examine evidence
Structured deposits face uncertain future under UK ring-fence plans
Caught in the net
AMA, RCSAs and dealing with Libor at Rabobank
Dutch bank Rabobank has shaken off its Libor label pretty quickly, leaving it to focus on its co-operative roots, the AMA and its RCSA roll-out. Anne Snel-Simmons, head of operational risk management at Rabobank, talks to OpRisk about the challenges of…
Benchmark survey and Lloyds/Bank of Scotland fine underline need for bonus scrutiny
£28 million penalty for poor incentives – but op risk still largely excluded from pay policies, survey finds
Schedule slips and costs rise on rate hedge payouts
UK regulator reveals that banks will miss deadline for compensating interest rate hedge mis-selling victims
RBS review heralds tighter focus on small business lending
The news of a regulator-ordered review of RBS's lending shows that the FCA plans to tighten up oversight of treatment of small businesses as well as retail customers
Sants quits Barclays after just 10 months in compliance role
Ex-regulator and head of compliance quits UK bank citing stress
Energy trading firms must be whiter than white
Allegations of manipulation are particularly bad for energy trading firms, which should respond by holding themselves to higher standards
Top 10 op risks: internal control failures
The fifth in our series of top 10 op risks for 2014 looks at internal control failures. Banks in 2014 face the task of improving governance to prevent another year of embarrassing losses
Top 10 operational risks for 2014
Internal failures will prove as dangerous as external threats for the financial industry in 2014
FCA skilled persons reviews 'a distraction from compliance', experts warn
Stronger FCA focus may be diverting resources from day-to-day compliance tasks
Rabobank fined $1 billion for Libor failings
Dutch bank the latest to pay for benchmark manipulation
The value of stress-testing structured products
Trade of the month
Whistleblowing: the case for financial incentives
UK authorities are edging closer to offering bounties to encourage whistleblowers
UK banks improving on sales incentives, says FCA's Wheatley
Three out of four major UK banks now link incentives to more than just sales, regulator says
AIFMD continues to cause concern among hedge fund managers
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