Citigroup fined £61.6m over trader inputting error
A trader erroneously created an equity basket worth $444bn, of which $1.4bn made it to market before the order was cancelled
Pra
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The AIC backs investment trust capital requirements changes
While FCA CEO Nikhil Rathi reveals cost disclosure reforms will be announced before the end of the year
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‘A step in the right direction’: FCA bids to boost diversity and inclusion in financial services
Also sets out rules to prevent bullying and sexual harassment in the industry
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Industry slams Liz Truss proposal to merge FCA and PRA
If Tory frontrunner’s goal is ‘less regulation and less consumer protection, this is the way to go,’ says Gina Miller
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Barclays boss faces fine over whistleblowing scandal
Barclays CEO Jes Staley is facing a fine for an alleged breach of conduct in his attempts to uncover a 2016 whistleblower but will be allowed to keep his job.
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FSCS chair named
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have appointed a chair of the Financial Services Compensation Scheme (FSCS), with Marshall Bailey replacing Lawrence Churchill.
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FCA targeted more individuals than firms in 2016
The Financial Conduct Authority convicted more senior executives and financial employees than firms last year, a report from Duff & Phelps reveals.
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FSCS cuts levies but wealth managers facing higher bill
The Financial Services Compensation Scheme (FSCS) is raising its investment intermediary levy for the 2017/18 year by £4m in spite of an overall budget cut.
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Barclays shares resilient as boss sanctioned in whistleblower case
Shares of Barclays are marginally higher this morning in spite of news its chief executive was being reprimanded for his role in a City whistleblower case.
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PA ANALYSIS: Bailey on a mission as FCA consults its A-team
The FCA today launched a consultation on its ‘future mission’, sounding more like something you would hear from the A-Team than the financial regulator.
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Regulatory ‘enforcement body’ recommended by Treasury Committee
The Treasury Committee is recommending that part of the Financial Conduct Authority be spun out to form a new financial regulation enforcement body.
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PRA crackdown on liquidity-poor banks
The Prudential Regulation Authority (PRA) has found five UK banks have a shortfall of an aggregate £27.1bn, meaning they are below the minimum 7% liquidity required by Basel III legislation.