04/30/2012

KPMG faces inquiry over rescue of HBOS

Mr Moore’s complaint comes a week after it emerged that the former head of HBOS’s corporate bank, Peter Cummings, is to fight a seven-figure fine handed out by the Financial Services Authority for his part in the collapse of the bank.

04/30/2012

Nearly 11,000 KPMG staff go unpaid

Usually KPMG staff are paid on the last Friday of every month however, they will now have to wait until after the weekend.

04/26/2012

EU regulators urge caution on fast trading curbs

The European Parliament and the bloc's member states are approving a reform of securities trading rules known as MiFID, with specific elements curbing high-frequency trading (HFT).

04/25/2012

FSA says 76,700 names are on scammers' suckers list

The majority of those named will be informed via postal mail, although the 19,101 where only an email address is given can expect a heads-up from the FSA to drop into their email in-box in the next few weeks.

04/24/2012

Offshore share sharks who duped British investors jailed

Two men and a woman have been jailed for a fraud where more than £4 million was taken from private investors through share-pushing operations based in Spain and Ireland. Another man will be sentenced at a later date.

04/23/2012

Firms confirm new compliance roles as regulatory deadline looms

Linklaters and Bird & Bird are among the first major firms to nominate new compliance officers, as the Solicitors Regulation Authority (SRA) has given UK law firms until 31 July to appoint someone to take responsibility for the firm's legal pract