Wealth managers

The Financial Conduct Authority (FCA) will not reimburse advisers for previously 'overpaid' fees if the proposal to cut regulatory costs from next year comes into force, chief executive Martin Wheatley has said.

Three former Rabobank traders have been charged in the US with manipulating the yen LIBOR benchmark interest rate since 2006.

Banks' redress payments to customers embroiled in the interest rate swap mis-selling scandal surged to £158.6m in December, putting most banks on track to reach their projected review goals.

The Financial Conduct Authority (FCA) has warned investors of a new boiler room scam operating under the same name as authorised firm LBV Asset Management.

Calls to the Financial Conduct Authority's (FCA) whistleblower hotline to report malpractice are continuing to rise, according to figures obtained by investigations firm Kroll.

The Financial Ombudsman Service (FOS) plans to freeze the levy it collects from firms and cut its budget by 20% over the coming year.

Some of the UK's largest asset managers could face more onerous financial requirements after regulators unveiled proposals to subject fund giants to greater scrutiny.

Treasury committee chairman Andrew Tyrie has called on the regulator to scrap the "fundamentally flawed" approved persons regime for advisers and instead align the sector with standards being introduced for the banking industry.

The Financial Conduct Authority (FCA) has been grilled by MPs over its decision to approve the appointment of Paul Flowers to chair the Co-operative bank back in 2010.

The Financial Conduct Authority (FCA) has appointed ex-Kleinwort Benson chief executive Robert Taylor as head of wealth management and private banking in its supervision division.