Regulation

The FSA has begun a formal enforcement investigation into the rogue trade losses revealed by UBS last September.

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AXA IM has hired Lyxor Asset Management CEO Laurent Seyer as its global head of investment solutions.

A UK bond trader has pleaded guilty to overstating the value of mortgage-backed bonds when working at Credit Suisse at the start of the financial crisis.

The FSA has fined Ravi Shankar Sinha, the former CEO of JC Flowers & Co UK, £2.867m for fraudulently obtaining £1.367m for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme.

Hector Sants, chief executive of the Financial Services Authority (FSA), has apologised to MPs for the failure of the Royal Bank of Scotland which led to the multi-billion pound bailout of the bank.

The alleged rogue trader at the heart of a multi-billion pound fraud investigation has pleaded not guilty to two charges of false accounting and two of fraud.

The chief executive of Royal Bank of Scotland Stephen Hester has bowed to mounting public anger and agreed to give up a £1m bonus.

French President Nicolas Sarkozy has unveiled plans to introduce a tax on financial transactions.

Here's a New Year puzzle for you. Fund A has annual charges of 1.5%, and in addition incurs annual trading costs in its portfolio of 0.2%. Fund B also has charges of 1.5% a year, but its trading costs are 0.4% a year. Which is better value for money?...