Regulation
Financial services
Goldman Sachs has agreed to pay a fine of £20m to the FSA after failing to disclose trader Fabrice Tourre was under fraud investigation by the US Securities & Exchange Commission.
09 September 2010
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Financial services
The FSA is set to turn the regulatory spotlight on the valuation of traded positions and is calling for a specific assessment of valuation uncertainty.
25 August 2010
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1 min read
Wealth managers
The FSA has fined the London branch of Société Générale £1.57m for failures in transaction reporting.
25 August 2010
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2 min read
Wealth managers
The Consumer Protection and Markets Authority (CPMA), one of the bodies set to replace the FSA from 2013, will be subject to audit by the National Audit Office (NAO) under rules proposed by the Treasury today.
26 July 2010
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Financial services
Several of Spain's 18 savings banks have failed tests to see how they would cope with worsened economic conditions, according to reports.
23 July 2010
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Wealth managers
The new Government has announced plans for a total shake-up of financial services regulation to conclude in 2012, which is also the deadline for IFAs to meet RDR requirements.
21 June 2010
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2 min read
Financial services
The FSA has levied its largest ever fine of £33.32m on J.P. Morgan Securities for client money breaches over a seven-year period.
03 June 2010
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2 min read
Financial services
UBS's Tom Digenan has been increasing his exposure to banks despite his view that the sector will be hit by stricter regulation on capital requirements.
24 May 2010
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