Story by: Rob Langston, FTAdviser
Financial law specialists CMS Cameron McKenna said the Financial Services Authority's (FSA) business plan for the next financial year has not revealed any new surprises for regulated firms.
The Financial Services Authority (FSA) has outlined its business plan for the year, focusing on a greater level of supervision during the next financial year.
The Monetary Policy Committee (MPC) voted unanimously earlier this month to hold the base rate at 0.5 per cent for the 12th month running and to keep the quantitative easing programme at £200bn, according to the latest MPC minutes.
The National Fraud Authority (NFA) and the Metropolitan Police have brought together key partners in the mortgage community to establish a mortgage fraud forum.
The Financial Services Authority (FSA) has banned a former proprietary trader at Merrill Lynch International Bank (MLIB) for mis-marking positions he traded on behalf of the bank by about $100m (£66m).
A Staffordshire-based adviser has become the latest intermediary to have her permissions cancelled by the FSA for failing to pay fees and levies of more than £1,000.
The FSA and City of London police have contacted 1,000 people across the UK to warn them that their personal details are on a master list being used by share fraudsters to target and sell them worthless shares.
Investment banker Christian Littlewood and wife Angie Littlewood have been charged with insider dealing and another suspect has been arrested in French overseas territory Mayotte.
Outgoing Financial Services Authority (FSA) chief executive Hector Sants has outlined details of its new consumer protection strategy, which will encompass early detection and intervention.
The government must add to the launch of Moneymadeclear with the launch of the Consumer Financial Education Body (CFEB), the Financial Services Consumer Panel (FSCP) has urged.
At the moment the job of central banker is as difficult as it has ever been. Not just in the developed world, where massive budget deficits and record levels of borrowing are complicating matters, but also in emerging markets where rampant economies are threatening to overheat – potentially with global consequences.
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The investment roadshows to have made their way around the UK – some of which have featured in these pages – have focused on the asset classes and investment strategies suggested to help IFAs tackle the challenging markets.
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