06/14/2012

Sesame faces FSA complaint over UCIS 'mis-selling'

Sesame has until the middle of next week until an official complaint is made, Pruggmayer said. Read more: http://www.ifaonline.co.uk/ifaonline/news/2184326/sesame-fsa-complaint-ucis-mis-selling#ixzz1xly5od6S IFA Online - News, blogs and analysis for IFAs

06/14/2012

France backs stronger ECB role in bank surveillance

France wants the European Central Bank to have a stronger role in overseeing banks in the single currency bloc as part of a package of urgent reforms to increase financial stability in Europe, sources said on Wednesday.

06/13/2012

Compliance officer fined £10k by FSA

Gregory White of Accendo Markets received the penalty for failing to meet FSA compliance requirements and for not exercising due skill, care and diligence.

06/12/2012

Defunct day-trading group challenges FSA

The Financial Services Authority is seeking to fine Swift Trade and its successor company Canada Inc a near record £8m for what it alleges was “layering” – placing and cancelling multiple trade orders in order to move the price of

06/12/2012

Compliance group warns of FSA visits over fund switching

TCC client services director Ian Stott said advisers should expect visits from the Financial Services Authority (FSA) as it hones in on fund switching once it has finalised guidance on centralised investment propositions.

06/07/2012

High Court quashes £100k FSA fine against ex-banker

The claimant, who has been granted anonymity, brought the judicial review proceedings to challenge a decision made by the Regulatory Decisions Committee to issue a decision notice against him in October 2010.

06/07/2012

Tax Evasion Eating Into Italian GDP

More than a quarter of the Italian economy eludes taxation, due to underground and criminal economic activities that push up borrowing costs and discourage investment in the country's most vulnerable regions, a senior Bank of Italy official said Wedn

06/07/2012

Madoff trustee files many new lawsuits

Irving Picard, the trustee, filed complaints seeking a respective $354.9 million and $179.4 million from Swiss private banks EFG Bank SA and Lombard Odier Darier Hentsch & Cie