The Swiss financial market supervisory authority (Finma) and its Japanese counterpart, the financial services agency of Japan (FSA) have exchanged co-operation letters to support innovation in their respective markets. Though these statements do not create any legally binding obligations upon the Finma the FSA. The scope of the co-operation between both bodies will cover information […]
Martin Wheatley, chief executive of the UK Financial Conduct Authority (FCA), has branded the previous watchdog – the Financial Services Authority (FSA) – “too robotic” in its approach to regulation.
The UK Financial Services Authority (FSA) has contacted UK fund groups in a bid to ensure “minimal disruption” when the Alternative Investment Fund Managers Directive (AIFMD) comes into force in July.
Staff at the Bank of England were in “completely different worlds” in the lead-up to the financial crisis, a director at the UK Financial Services Authority (FSA) has said.
Investment platform Skandia has criticised plans by the UK Financial Services Authority’s (FSA’s) to outlaw rebates on ‘legacy’ business paid by fund groups to platforms from 2016.
The UK FSA was aware that Libor rigging could pose a ‘significant issue’ to the UK’s banking system as early as 2008, an internal report has shown.
Laurence Lieberman, a partner in the financial disputes group at international law firm Taylor Wessing, says that banks should prepare themselves for forced participation in setting Libor rates.
Just one in 10 of UK adults understand the country’s Retail Distribution Review, while almost three-quarters, 74%, say they have never heard of it, according to research conducted on behalf of SCM Private’s True and Fair Campaign.
UK bank RBS has been fined a collective £391m for its role in the Libor scandal, with the UK FSA’s investigation finding over 200 “inappropriate” rate submissions.
Eve Ellis, partner at Charles Russell LLP, says that regulatory oversight of asset managers in the UK market is set to change considerably when responsibility shifts from the FSA to the Financial Conduct Authority.
LM Investment Management, the Australia headquartered global investment manager, has received approval from the UK Financial Services Authority to market its suite of products.
Vanguard Asset Management has launched a new ETF microsite for financial advisers ahead of the deadline for implementing the Retail Distribution Review – which seeks to change the way financial products are sold to the UK retail investor market.