Financial Conduct Authority (FCA)
PPI payouts heading for £11 billion mark
FCA figures show no sign of slowing as banks step up provisions for payouts
Morgan Stanley loses retail structured products head
Copplestone exits Morgan Stanley
Tax clampdown hits UK hedge fund LLPs
Changes in UK taxation rules coupled with restrictions on employee remuneration in the AIFMD could lead to higher costs and some complications for hedge fund limited liability partnerships (LLPs)
FCA AML report raises concerns about money service business going underground
UK regulator's first annual AML report highlights risks of closing certain banking services
High-frequency trader fined $3.1 million for market manipulation
CFTC, CME and FCA fine Michael Coscia and Panther Energy Trading in first case of its kind
Trade finance at risk from financial crime, FCA warns
UK regulator says 'significant room for improvement' needed at most banks
FCA narrows AIF definition for SPVs
The UK regulator calms reclassification fears by exempting SPVs that issue debt securities from being classed as alternative investment funds
Bank supervision gets personal as UK focuses on accountability
Regulators and politicians in the UK want bankers to be more accountable for mistakes made by themselves and their teams. But while supervisors are trying to expand the existing sanctions regime, politicians are seeking a more radical overhaul. Lukas…
FCA to scrutinise funds' op risk, expert warns
EU Alternative Investment Fund Managers Directive requires greater formality over op risk
Investors await action on Reyker plan management charges
Investors in the dark about action on Reyker plan management charges
UK regulators plan to "hold individuals to account"
The FCA and PRA are toughening up their approved persons regime for senior execs, risk managers and traders
Fears tougher FCA Arrow visits will "distort banks' risk priorities"
UK regulator said to be losing focus during on-site visits
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