FSA expects disclosures to be made by 23 January

FSA clarifies disclosure requirements for directors

Story by: Sharon Flaherty, FTAdviser

The Financial Services Authority (FSA) has clarified its disclosure requirements for directors who grant security over their shareholdings, deciding that it will not pursue any enforcement action in certain cases.

  • Time published: 10.55
  • Date published: 09.01.2009
  • Published in: Regulation

Tories criticised over £50bn loan guarantee proposals

Vince Cable has criticised the conservatives' suggestion that a £50bn loan guarantee scheme is needed as a means of freeing up the banks' lending to businesses, calling the poposal "bizarre".

  • Date published: 09.01.2009

Madoff could be prosecuted in UK

There could be plenty of grounds on which UK prosecutions related to the recent Bernard Madoff scandal can be made, a business risk consultancy specialist warned.

  • Date published: 09.01.2009

OECD inflation falls to 2.3 per cent

The annual inflation in the Organisation for Economic Co-Operation and Development (OECD) area fell to 2.3 per cent in November.

  • Date published: 09.01.2009

FSA clarifies disclosure requirements for directors

The Financial Services Authority (FSA) has clarified its disclosure requirements for directors who grant security over their shareholdings, deciding that it will not pursue any enforcement action in certain cases.

  • Date published: 09.01.2009

Northern Rock CFO steps down

Northern Rock’s chief financial officer (CFO) Ann Godbehere, will step down from its board on 31 January and leave the bank at the end of February 2009, it was confirmed today (9 January).

  • Date published: 09.01.2009

Firms must tailor offering to consumer needs, urges Skandia

Companies must ensure their investment solutions match customer goals and provide the necessary flexibility to be tailored to their individual needs, according to Skandia.

  • Date published: 09.01.2009

Interest rate cut met with woe

The Monetary Policy Committee (MPC) decision to cut interest rates by a further 0.5 per cent today (8 January) has been met with concern as industry members remain doubtful that it will positively impact the economy.

  • Date published: 08.01.2009

Serious Fraud Office investigates Madoff's UK operations

The Serious Fraud Office (SFO) is opening an investigation into Bernard Madoff's UK business operations.

  • Date published: 08.01.2009

BoE cuts base rate to record low of 1.5 per cent

The Bank of England's Monetary Policy Committee (MPC) has voted to reduce the base rate by 0.5 percentage points to 1.5 per cent, its lowest level on record.

  • Date published: 08.01.2009

FSA fines Aon £5.25m for corruption control failings

The Financial Services Authority (FSA) has dished out one of its biggest ever fines of £5.25m to Aon Limited, for failing to establish and maintain effective systems and controls to counter the risks of bribery and corruption

  • Date published: 08.01.2009

Feature

FSA is looking to get tough

With depression set to cast as a dark shadow over 2009 expect the FSA to step-up its vigilance

  • Time published: 00.01
  • Date published: 08.01.2009
  • Published in: Regulation

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Feature

You've been swindled

With conditions ripe for committing fraud, victims of financial deception are having to consider whether they have any legal remedies available to combat an unforeseen turn of fate

  • Time published: 00.01
  • Date published: 08.01.2009
  • Published in: Regulation

Comment

Gone fishing

Just when you thought it was safe to get back into the water, cruising the regulatory ocean is another scary big fish. Yes, another pensions transfer scare is upon us.

  • Time published: 00.01
  • Date published: 08.01.2009
  • Published in: Regulation

Feature

Squabbling over the RDR: the latest developments

The Retail Distribution Review (RDR), dreamt up in the shiny towers of the Financial Services Authority (FSA) in London’s Canary Wharf, is supposed to change the financial services industry landscape for the better.

  • Time published: 09.55
  • Date published: 19.12.2008
  • Published in: Regulation

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