The government wants more choice in banking which is dominated by the “big four” lenders, HSBC, Lloyds, Barclays and Royal Bank of Scotland.
Widmer-Schlumpf and her German counterpart Wolfgang Schäuble disagreed over whether the authorities of WikiLeaks has begun accepting donations through a French non-profit organization, as part of an attempt to circumvent a financial blockade from maj
The statement was issued in response to a Financial Times report that regulators were investigating Credit Agricole, HSBC, Deutsche Bank and Societe Generale for involvement in manipulating an interest rate that plays a key role in global markets.
Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.
The court ruled against a scheme promoted by PricewaterhouseCoopers, the accountancy firm, used by a businessman in a bid to avoid about £11m in tax.
These rules relate to those organisations responsible for the provision of nominee services to retail investors investing in authorised funds, and demand the timely distribution of certain mutual fund information and notification of voting events to all u
The FSA had already completed a review with Britain's four biggest banks - Barclays, HSBC, Lloyds and Royal Bank of Scotland - after they admitted in June to inappropriate sales of interest-rate hedges to businesses.
Andrew Bailey, head of the Prudential Business Unit at the Financial Services Authority (FSA), added that Mr Diamond's account of his and the bank's relationship with regulators was "highly selective".
The City partner, who led Clifford Chance’s shipping finance practice for the past five years, focuses on structured finance, leasing and restructuring within the shipping and offshore sectors as well as other asset classes.
They said Deutsche Bank has applied to cooperate with authorities in their investigation under the leniency programmes of the European Union and in Switzerland, but that it did not mean the bank was admitting any guilt.