FSA
Wealth managers
The new Government has announced plans for a total shake-up of financial services regulation to conclude in 2012, which is also the deadline for IFAs to meet RDR requirements.
21 June 2010
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2 min read
Industry
The new Government has announced plans for a total shake-up of financial services regulation to conclude in 2012, which is also the deadline for IFAs to meet RDR requirements.
16 June 2010
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UK
BP is facing a bill of up to $34bn from the Gulf of Mexico disaster after US senators demanded the oil company deposited $20bn into a ring-fenced account to meet escalating compensation costs.
15 June 2010
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UK
Chancellor George Osborne is set to reveal this week the Bank of England will take overall charge of regulation of the financial sector and have "oversight" across the FSA.
14 June 2010
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Financial services
The FSA has levied its largest ever fine of £33.32m on J.P. Morgan Securities for client money breaches over a seven-year period.
03 June 2010
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2 min read
UK
The FSA will commence an investigation into Gartmore manager Guillaume Rambourg to determine whether he met the regulator's standards of an approved person.
01 June 2010
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Platforms
The FSA could be forced into a major U-turn on platform regulation as the UK's big three providers, with over 80% of total assets, labeled its proposals as "unworkable" in responses to the Discussion Paper.
27 May 2010
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3 min read
