Financial Services Authority (FSA)
EFG Private Bank hit by FCA’s first fine
Bank fined £4.2 million for failures in anti-money laundering controls
People: Credit Suisse equity derivatives head to retire
Min Park to retire
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
Lloyd’s insurers challenged by internal model change policies
Questions on parameterisation remain unanswered by European rule-makers
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
Prospectus Directive consultation: ‘Comprehensibility’ concerns top the agenda
Prospectuses for retail structured products should not be ‘legalistic’ or ‘overly mathematical’, says the UK Listings Authority, but can include payout formulae presented algebraically and examples to explain complex securities. It is perhaps no wonder…
White paper: Emerging themes 2013: A clean sweep for financial regulation?
An incessant torrent of regulation, divergent approaches by different regulators and the practical difficulty of ensuring compliance by employees spread across different locations have created major challenges for senior management in the financial…
FSA ramps up insurer Arrow visits
UK regulator 'refocusing resources on insurance sector'
Profile: FSA's Jo Paisley, on data, modelling and the Bank of England
The Financial Services Authority has a Bank of England veteran heading its risk division as it is subsumed by the central bank. Jo Paisley tells Laurie Carver how the two disparate cultures can be reconciled – particularly when it comes to data
FSA arrests three in insider dealing investigation
Cost means insider prosecutions will be rare, legal expert warns
FSA’s cyber resilience review ‘may reveal shortfalls’
Review of 30 financial institutions will lead to first new guidance in seven years
Vickers implementation provokes operational risk concerns
Unanswered questions remain over the implementation of Vickers by 2019
Mifid obstructing cloud computing at European banks
Vendor contracts may not be flexible enough to satisfy outsourcing rules
Banks hunt for asset-backed securities as liquidity swap market stagnates
Lloyds Bank one of a number sourcing assets from smaller institutions to meet demand from insurers
Bridging the gap: Solvency II phase-in troubles insurers
Proposed interim measures hope to bring some regulatory consistency across Europe in the period prior to Solvency II’s eventual implementation, but supervisors are still seeking their own solutions, while insurers warn that any interim measures must not…
Uncertainty remains over post-FSA regulatory structure
Acts of reform
Firebreaks and stable doors
Firebreaks and stable doors
Changing hats – March 2013
Changing hats – March 2013
Insurers should stop using liquidity swaps - FSA
Companies should invest directly in long-term assets, says senior official
RBS fined $612 million for Libor rigging
RBS's head of investment banking arm to step down in wake of findings