FSA

Robin Farrell, the chief executive of Arch Financial Products, has formally launched a defence against claims he made secret profits amid the Arch cru funds collapse.

The Financial Services Authority (FSA) has proposed a ban for Anthony Verrier, a senior executive at BGC Partners, after deciding he is not a fit and proper person due to concerns over his honesty, integrity and reputation.

SAVINGS

The FSA has fined Swiss bank Habib AG Zurich £525,000 for failing to establish and maintain adequate anti-money laundering systems.

Fund groups are scrambling to develop risk-rated propositions ahead of the RDR deadline at the end of this year, with major houses including Jupiter planning how to enter the space.

The Financial Services Authority (FSA) has fined Martin Currie Investment Management Limited and Martin Currie Inc £3.5m for failing to manage a conflict of interest between two of its clients.

GOODBYE FSA

GOODBYE FSA

A man convicted of insider dealing has been ordered to pay more than half a million pounds in a confiscatatiion order.

Peter Smith, head of investment policy at the Financial Services Authority, is to exit the regulator shortly, Investment Week can reveal.