regulation

FATCA is tip of the iceberg for wealth firms

The Upper Tribunal has upheld a Financial Conduct Authority decision to fine a fund manager £89,000 for not doing more to prevent a client from committing market abuse.

Financial Conduct Authority (FCA) technical specialist Rory Percival has hinted the regulator and ombudsman are working to agree on guidelines around suitability reporting.

The Bank of England is being investigated by the Serious Fraud Office (SFO) in relation to liquidity auctions held during the financial crisis.

The fund management industry is "ripe for investigation" regarding pay packages, according to the Institute of Directors (IoD).

WH Ireland's pre-tax profits have fallen 70% after a year of restructuring, but assets under management in its wealth division rose healthily.

HSBC's senior executives have apologised to a committee of MPs for the failings in its Swiss private banking arm which meant clients avoided paying millions in tax.

Mark Carney has urged G20 members to continue a "big push" for banking reforms, after suggesting that legislators maybe tiring of financial regulation.

Canaccord Genuity has criticised 'complacent' investment trust boards in a new report, suggesting they must modernise if they are to compete effectively in the funds market.

Several of the UK's major asset managers are falling short on stewardship and responsible investment practice, according to NGO ShareAction.