Regulation

The Conservative Party yesterday said it aims to complete a radical reform of financial services regulation in just five years.

FSA chief executive Hector Sants will step down in the summer after three years in the role.

Standard Life has been fined £2.45m by the FSA for serious failures relating to its Pension Sterling fund.

London's financial community feels it is fighting a war on two fronts: the prospect of being hamstrung by pending EU measures and suffering targeted attacks from the government at home.

The House of Lords EU Committee has written to Financial Services Secretary Lord Myners to express its concerns over "flawed" EU investment proposals.

The AIFM directive was drafted by the EU in response to what it saw as an absence of common regulatory standards for non-Ucits investment vehicles and there are six key issues that specifically affect the UK-listed closed-ended fund sector.

A raft of new measures designed to give regulators more power in tackling city crime are to be unveiled in the Queen's Speech this week.

The FSA has fined and banned a former UBS employee for helping cover-up unauthorised trading losses.

What are the practical implications for providers of the FSA statements on structured investment products?

I had to smile. Just as I was sitting down to write this, the FSA announced it was going to clamp down on irresponsible mortgage and loan lending by the banks.