The Financial Conduct Authority (FCA) has warned advisers over using risk-ratings for clients and subsequently investing them into risk-rated funds.
Former Federal Reserve chairman Paul Volcker has hit out against plans to ring-fence UK banks, warning they will not be enough to protect British taxpayers from another financial crisis.
JP Morgan Chase is to restate its Q1 results downwards by a net $459m after it revealed the losses it has sustained from its ‘London Whale' positions have widened to $4.4bn.
Carl Stick, manager of the Rathbone Income Fund, gives his assessment of how 'risk' should be managed.
Quantitative risk management controls and those funds that run a deep value philosophy were especially badly hit over 12 months to 31 March