12 articles found within the last year.
Displaying results 1 - 12
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Recovery at UBS: work in progress
For a bank which hoped all the bad ... The penalty, the FSA’s third largest, was for ... Despite a slew of accounting items that contributed ... Even the sceptics admit the bank has come ... Now, downsized, derisked and out of government control, ... Speaking to Financial News last week, chief financial...
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Big banks face change in the UK
The UK Financial Services Authority said it will ... Breakups would mean that banks that have retail ... King's views on the issue carry weight because ... Asked about King's comments in Parliament Wednesday, Prime ... The FSA's paper comes partly in response to ... "The cause of the problem is that banks...
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UK to make push this week on bank bonuses
The UK Government this week will ask about ... The Wednesday meeting with 10 banks that also ... By getting commitments now, the government is hoping ... Barclays, Standard Chartered, Lloyds Banking Group, Royal Bank ... In a joint statement, those banks said it ... While the US, European and Asian banks active...
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Seymour Pierce fined over three-year fraud
London stockbroker Seymour Pierce has been fined by ... The FSA announced today that it had fined ... Margaret Cole, the FSA’s director of enforcement and ... According to the FSA's final notice, the offender, ... Seymour Pierce dismissed Mr A in July 2006 ... The London stockbroker now has 14 days to...
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Bank remuneration code sparks fears over UK competitiveness
The chief executive of the UK’s banking trade ... She was reacting to the Financial Services Authority's ... Angela Knight, chief executive of the British Bankers’ ... Knight said of the final code applying to ... While welcoming the code, Knight warned: “Our concerns...
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UK Treasury report on regulation: the main themes
The long-awaited paper from the UK Treasury outlining ... The Treasury paper, which was originally due to ... With a general election due within the next ... Here, Financial News looks at the main themes ... There is little insight on the government's plans ... The Treasury fleshes out proposals on hitting banks...
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FSA calls for an end to adviser commission deals
The UK Financial Services Authority has outlined plans ... The FSA has issued a consultation paper on ... The changes, which are due to take effect ... The FSA said: "We propose that adviser firms ... Andrew Fisher, chief executive of wealth advice business ... When the review was first published in November,...
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FSA staggers fine as trader pleads 'hardship'
A Morgan Stanley trader who was dismissed in ... Matthew Piper, a former proprietary trader on Morgan ... The FSA today banned him from any roles ... Piper, whose address listed by the FSA is ... Morgan Stanley also received a £1.4m fine from ... The US bank joins rivals Citigroup, Deutsche Bank...
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FSA probes Lehman structured products
The UK's Financial Services Authority is launching an ... The FSA and Financial Ombudsman Service said in ... The release said: "As a result, while the ... The FSA and Ombudsman have agreed that the ... Therefore, they have agreed that the FSA will ... Many in the industry concede clients have not...
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FSA bans ex-BlueCrest hedge fund manager
The Financial Services Authority has banned and fined ... The FSA said Loic Albert Antoine Montserret, who ... The regulator has banned Montserret indefinitely, although the ... The value of Montserret's trading book fell significantly ... The mismarking lasted 10 days, after which Montserret...
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Reputations could take years to rebuild
More than half of the financial services industry ... According to a survey by City law firm ... The survey was of around 100 attendees at ... More than half, 55%, said they thought it ... Pamela Thompson, head of the financial institutions group ... Damage to the reputation of the financial services...
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FSA commission change will make industry 'unrecognisable'
New rules proposed by the Financial Services Authority ... The Financial Services Authority said it plans to ... Advisers say the changes will have immeasurable ramifications ... Neil Shillito, co-founder and director of SG Wealth ... He said: "The army of one-man-band advisers will...
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