Financial Conduct Authority (FCA)
Prop index growth sparks legal fears
Frying pan to fire?
Senior FCA official sees cause for concern in RDR implementation
A senior official at the UK Financial Conduct Authority said the regulator sees shortcomings in the way some market participants have responded to the Retail Distribution Review
Changing hats – June 2013
Changing hats – June 2013
Regulatory web tightening for structured products, Iosco report shows
A consultation report by the international consortium of securities regulators shows more, not less, regulation is the likely endgame for the world's markets. Yakob Peterseil analyses the trend towards interventionism
Overreliance on outsourcing is a growing risk for asset managers
Regulators are turning their attention to reliance on outsourcing – but there may be little that asset managers can do to reverse the trend, even if they wanted to
New FCA platform rules could mean more product sales via platforms
Electronic platforms that charge fees instead of taking provider commission could, from April 2014, sell more products, as investors try to make the most of the charges they have to pay
EFG Private Bank hit by FCA’s first fine
Bank fined £4.2 million for failures in anti-money laundering controls
UK sees sharp rise in structured product complaints
Complaints about structured products were up by more than 1,500 in 2012 compared to the previous two years
FCA's Wheatley: structured products are “like spread bets on steroids”
UK regulator hits out at overly complex structured products
People: Credit Suisse equity derivatives head to retire
Min Park to retire
Tough stance on insider trading at hedge funds getting results
David Kirk, the UK Financial Conduct Authority’s chief criminal counsel, says "dubious trading activity" has fallen by 50% in three years as FCA vows to continue crackdown on hedge fund traders
FCA sets thresholds for regulatory failure
Slip-ups resulting in more than £30m losses will merit investigation, UK regulator says
Prosecutions of senior executives ‘unlikely’ after crisis
Managers could argue they faced difficult market conditions, industry expert says
Changing hats – May 2013
Changing hats – May 2013
UK insurers ‘must adapt to dual compliance burden’ as new regulators begin to flex muscles
Firms braced for duplication of compliance work amid signs that framework for regulators to share information is not working, lawyers warn
AIFM Directive: investment managers ‘must prepare now’
Preparations must be made before AIFM Directive implemented on July 22, 2013
FSA announces final plans for Libor reform
Administrator forced to manage conflicts of interest
FSA director blasts BoE for failings in lead-up to financial crisis
Staff at the Bank of England were ill-equipped to deal with the crisis because they weren't working together, UK regulator tells convention
FSA secures 23rd insider dealing conviction
Former futures trader sentenced to four years in prison
FSA toughens insider dealing enforcement
Recent insider dealing prosecutions by the FSA have demonstrated a new regulatory commitment to pursue more complex cases. Financial institutions are under pressure to tighten up internal controls or face the bite of the watchdog
Uncertainty remains over post-FSA regulatory structure
Acts of reform
CBU director of policy to quit FSA
Sheila Nicoll to leave in April when the FSA transitions to the FCA