The British regulator’s significant proposals are aimed at putting an end to clients’ lack of confidence in the industry’s integrity
In a discussion paper released Friday, the UK’s Financial Services Authority aims to explore the steps the regulator or others could take to help consumers understand and protect their own best interests more effectively.The FSA says that while it has no power to impose responsibilities on consumers, it is required by law to consider the […]
The UK’s Financial Services Authority is calling on regulators and law enforcement agencies from around the world, including the U.S. Securities and Exchange Commission and the Spanish and German regulators, to help tackle boiler room fraud.The FSA is hosting the first international boiler room conference to encourage a global response to this global problem. It […]
The U.K. Financial Services Authority has published a consultation paper proposing a new framework to regulate the way that banks treat their retail customers.Next year, the FSA will become responsible for regulating banks and building societies payment transactions. The review published today considers whether it would be more effective to extend the FSA’s regulation across […]
The UK’s Financial Services has published rules that will implement a new disclosure regime for contracts for difference.The FSA published a consultation paper about CFDs in November 2007, and announced plans to implement a general disclosure regime for long CFD positions back in July. The goal is to address concerns about voting rights and corporate […]
FSA completes 30-day review
FSA banks shorting financial stocks
The UK’s Financial Services Authority fined the UK operations of Credit Suisse £5.6 million ($11.3 million) for control failures revealed by mis-pricing of asset-backed securities.In February, Credit Suisse announced that it had identified mismarking and pricing errors by a small number of traders and that it was repricing certain asset-backed securities. The re-pricing led to […]
Share price of British bank was not only affected by rumours, but by the interaction of other complex factors
The UK’s Financial Services Authority has made several arrests made in a major insider dealing investigation.The FSA reports that it arrested eight individuals and executed search warrants across London and southeast England in connection with a major ongoing investigation into insider dealing rings. The regulator is not disclosing whether any charges have been laid.It noted […]