average fca fine trebles since financial crisis
The average size of the penalties imposed by the Financial Conduct Authority has risen substantially between 2008 and 2013, new research by Kinetic Partners reveals.
FCA
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Credit Suisse and Yorkshire Building Society fined
Credit Suisse International (CSI) and Yorkshire Building Society have been fined £3.8m by the Financial Conduct Authority for misleading investors in a widely sold structured product.
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fca says banks paid 1pt1bn for swap missselling
Banks nabbed selling miss-selling interest rate hedging products have forked out £1.1bn in compensation, the FCA said.
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fca issues far-reaching client money changes
The UK’s Financial Conduct Authority has signalled a sharper regulatory focus on holding client money with the publication of its policy statement today, and the prospect of other jurisdictions following suit.
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Firms face 460m annual bill for regulation
Advisory firms based in the UK are spending an estimated £460m each year on the direct and indirect cost of regulation, according to a recent study.
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Coutts reviews client advice
Coutts has written to clients to inform it is conducting a review into the suitability of its historic investment advice, a response to the regulators Dear CEO letters sent in 2011.
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FCA in circles over simplified advice
FCA chief Martin Wheatley has stressed the need to square the circle of selling complex products to so-called unsophisticated investors, but are we really any clearer on the shape of things to come?
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Barclays fined 26m for gold fixing failings
Barclays Bank’s reputation has taken another heavy blow this morning after the Financial Conduct Authority handed it a £26m fine for failing to manage conflicts of interest in relation to gold trading.
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PA ANALYSIS One cost to rule them all
The FCA's review of the clarity of fund charges shows that there remains a long way to go to a single number that investors can use to compare one fund with another.
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FCA calls for fund charge consistency
The FCA today urged fund managers to focus on the ongoing charges rather than annual management charges in a bid to improve transparency.
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FCA finalises dealing commission rules
Under new rules announced by the FCA, investment managers will only be able to pay for substantive research with dealing commissions.
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Towergate could face fine over FCA investigation
Towergate could be fined by the Financial Conduct Authority (FCA) over the potential mis-selling of two of its products.
