Efforts between the two agencies are increasing in oversight of credit rating agencies and hedge fund advisors
Breaches relate to pricing problems uncovered in a proprietary trader’s books
Measures aimed at rebuilding confidence among retail investors
Firms have 12 months to incorporate new test
Remuneration code comes into force for large banks, building societies and broker dealers on Jan. 1
FSA is the first major regulator to introduce tighter liquidity requirements for firms
FSA, SEC identify a common set of data to collect from hedge fund managers
Figures show how many complaints firms have received and how they have dealt with them
Critics says new rules don’t go far enough
The FSA and the SEC are taking aim at compensation structures, especially those based on commissions