Wealth managers

US authorities have hit French bank BNP Paribas with a giant $8.9bn (£5.2bn) fine for breaking trade sanctions.

Advisory firms have successfully adapted to the Retail Distribution Review (RDR) but the cost of regulation remains a massive barrier to development, the Association of Professional Financial Advisers (APFA) has said.

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), and several colleagues have deferred taking their annual bonuses because of an ongoing review into the bungled announcement of an insurance industry investigation.

US prosecutors have hit Barclays with fraud charges which claim the British lender lied to investors about its dark pool electronic trading operations.

The Financial Conduct Authority has charged a former Schroders equities trader with nine counts of insider dealing.

The damage done

Firms providing comparison websites for annuities should include details of the types of guarantees available and identify providers if they operate a restricted panel, the Financial Conduct Authority (FCA) has said in updated guidance.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has been recognised for helping "shift the culture of financial regulation" by putting "the interests of consumers first".

Out of favour: Has the regulator lost interest in S166?

Former Financial Services Authority director Sheila Nicoll has joined Schroders as head of public policy.