Meeting client needs is challenging
Over half of financial professionals believe the industry is beleaguered by conflicts of interest and that maintaining duties to clients is a challenge according to a survey conducted by the CFA.
Libor
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fsa denies formal responsibility libor
The FSA was too narrowly focused in its handling of Libor related information and the information should have been better managed, its Internal Audit Report on inappropriate Libor submissions concluded.
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sfo arrests three in libor investigation
The Serious Fraud Office (SFO) has made its first arrests connected with the ongoing investigation of the Libor rigging scandal.
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fsa consults on libor as government
The FSA has proposed new rules and regulations for financial benchmarks in the wake of the Libor scandal which ripped through financial markets in late July.
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lloyds in libor probe as nine more subpoenaed
Nine of the world’s biggest banking groups – including the UK’s Lloyds – are to come under increased scrutiny over the Libor-rigging scandal, it has been reported.
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pa analysis who regulates rocket scientists
As soon as banks and their regulators – both the FSA and the Bank of England – go back to doing their most basic functions the better off we will all be.
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banks face billions in Libor-fixing fines or not
In separate notes issued this morning Morgan Stanley and Nomura both explain the difficulties of calculating the level of the fines faced by the banks accused of fixing Libor.
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buy lloyds and hsbc hold barclays
Barclays has been moved from a buy to a neutral recommendation by Killik & Co as the market focus has shifted from the regulatory implications of the Libor scandal, to the potential of civil lawsuits and the impact on senior management.
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pa analysis libor scandal who cares
When you delve beneath the initial uproar and disbelief regarding the Libor manipulation at Barclays and potentially other globally important banks, who does it really effect, and does it really matter?
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barclays alarming emails revealed
Emails included in the FSA’s investigation of Barclays’ Libor manipulation have shown uncomfortably close relationships between derivatives traders and those employees responsible for submitting the banks’ day-to-day ratings.
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barclays struck with largest ever fsa fine
The FSA has fined Barclays Bank £59.5m for misconduct relating to the London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor), in the largest ever penalty imposed by the City watchdog.