Gauging the Gross effect

Star bond manager Bill Gross helped attract more than $1bn of estimated net deposits into two bond funds at his new home Janus Capital in October.

The Financial Conduct Authority (FCA) has confirmed it will in future publish information about proposed enforcement actions, naming firms and individuals, before deciding whether it will take action.

US

German Chancellor Angela Merkel will still be looking for coalition partners, despite being on course to celebrate the strongest election result since Helmut Kohl's post-reunification victory of 1990.

A senior European Central Bank(ECB)policymaker has issued a fresh warning the impact of the US Federal Reserve reducing its massive stimulus programme might exceed that of 1994.

Martin Wheatley, the chief executive of the FCA, has admitted to concerns about some of the effects of the RDR on the adviser community, and said the regulator will look into the reduction in the supply of advice for lower earning customers.

The Financial Conduct Authority (FCA) is to carry out a study into the UK cash savings market as part of a programme of work seeking to assess the effectiveness of competition in financial markets.

The leaders of the BRICS countries - Brazil, Russia, India, China and South Africa - are planning a $100bn (£65bn) fund to protect against financial shocks.

The Financial Conduct Authority (FCA) has fined David Davis, senior partner and compliance officer of Paul E Schweder Miller & Co, £70,258, and Vandana Parikh, a broker at the same firm, £45,673, for failing to act with due skill, care and diligence in...