FSA

Investment banking giant JPMorgan has been revealed as the £1bn mystery acquirer of more than 50% of the copper on the London Metal Exchange.

The FSA has cleared RBS of acting fraudulently during the purchase of ABN AMRO, but censured it for making a "series of bad decisions" in the run up to the financial crisis.

A former Deloitte Tax partner and his wife have been charged with insider dealing by the SEC in the US as part of a joint investigation with the FSA.

RDR DEBATE: KEY POINTS

FSA chairman Adair Turner says Britain's banks are not disturbingly exposed to Irish banks or Irish government bonds.

After months of procrastination and frantic lobbying behind the scenes, the FSA has finally unveiled its latest thinking on platforms.

The FSA will allow platforms to facilitate the collection of adviser charges, but says this must be done to the same standard as product providers.

The FSA plans to publish a separate consultation paper on how platforms should disclose their charging structures, including fund manager rebates, on top of its second consultation document in February.

Execution-only platforms, such as Hargreaves Lansdown's Vantage, could be subject to the same disclosure terms as those platforms conducting adviser business, the FSA says.

The FSA today said in its long-awaited consultation paper platforms can continue to receive rebates from fund managers.