Syed Kamall, member of the European Parliament for London, said he is "not impressed" with the European Commission's assessment of the impact of EU regulation on the UK.
The global banking system has been shaken by talk of possible defaults and contagion but managers are divided about whether this has opened up opportunities in the sector.
Stephen Snowden has upped risk on the Kames Investment Grade Bond fund by "aggressively" increasing exposure to banks and topping up high yield on the view the bottom of the market has already been reached.
Another week another damaging story for the structured products industry. The headline ‘FSA fines Credit Suisse UK £5.95m for structured product failings' undoubtedly sent terror into the hearts of investors.
The IMA is consulting on scrapping current labels for the Managed sectors in favour of more simplified A, B, C, D categorisation.
US markets opened lower today as investors remained cautious on tomorrow's European summit aimed at solving the sovereign debt crisis.
The Financial Services Authority (FSA) has fined Credit Suisse £5.95m for systems and controls failings in relation to sales by its private bank of structured capital at risk products (SCARPs).