Average time now about 11 months, down from 16 months
U.S. and British securities regulators are teaming up to sanction Royal Dutch Shell for massively overstating its proven reserves.The U.S. Securities and Exchange Commission and Britain’s Financial Services Authority announced Tuesday settlement of an enforcement action against Royal Dutch Petroleum Co. and The Shell Transport and Trading Co. plc, in connection with their overstatement of […]
Britain’s Financial Services Authority says its latest research shows that retail financial firms fall short in their efforts to give retail clients a fair deal.In a pilot study, the FSA reviewed the procedures of six of the largest retail groups in Britain at various stages of the product life cycle. It found that: senior managers […]
British regulator acknowledges need to act faster
Britain’s FSA sets up hotline for complaints about financial products
FSA annual report looks at various jurisdictions
Consumers to have access to low-charge risk-controlled financial products
Standardized data must now be included in ads referring to past performance
Firms required to implement policies by July 1
Smarter consumers could bring less regulation