Watchdog admits failure over Rock – BBC News
“The UK financial watchdog, the Financial Services Authority (FSA) has admitted it failed to regulate Northern Rock adequately.”
BBC News, 26th March 2008
Source: www.bbc.co.uk
Category: financial regulation
ECJ tax ruling threatens London stock markets – The Times
“London’s position as a leading capital markets centre is under threat following a European court ruling that will increase the cost of raising money on the London Stock Exchange.”
The Times, 14th March 2008
Source: www.timesonline.co.uk
FSA drops plan to force banks to inform on clients – The Times
” The Financial Services Authority (FSA) has dropped a plan to force investment banks to inform on companies they brought to market long after the initial flotation was completed, the regulator confirmed today.”
The Times, 6th March 2008
Source: www.timesonline.co.uk
City traders will be forced to record calls – OUT-LAW.com
“Traders in financial markets will have to record phone transactions and keep the recordings for six months, financial regulator the Financial Services Authority (FSA) has ordered.”
OUT-LAW.com, 4th March 2008
Source: www.out-law.com
Rogue stockbroker William Radclyffe jailed for 15 months – The Times
“An unauthorised stockbroker who stole more than £350,000 from his family and friends has been jailed for 15 months after a rare criminal prosecution by the Financial Services Authority (FSA).”
The Times, 13th February 2008
Source: www.timesonline.co.uk
FSA fines and bans Mohammed Suba Miah over high-risk sales – The Times
“The Financial Services Authority (FSA) has for the first time both fined and banned a stockbroker after he was found to have dishonestly sold high-risk shares to customers.”
The Times, 11th February 2008
Source: www.timesonline.co.uk
Treasury launches consultation on the UK market abuse regime – HM Treasury
“The Treasury is today launching a consultation on the UK Market Abuse Regime. The consultation is specifically focused on where the UK regime imposes additional requirements to the EU’s 2003 Market Abuse Directive.”
HM Treasury, 7th February 2007
Source: www.hm-treasury.gov.uk
City watchdog pursues insider dealer case – The Times
“The Financial Services Authority (FSA) has begun its first criminal prosecution against a suspected insider dealer, bringing charges against the former general counsel at TTP Communications, the wireless technology company.”
The Times, 22nd January 2008
Source: www.timesonline.co.uk
Bank watchdog “to get more power” – BBC News
“The chancellor is planning to give the Financial Services Authority more power to deal with failing banks to avoid another Northern Rock-style crisis.”
BBC News, 4th January 2008
Source: www.bbc.co.uk
UK red tape law leaves regulations untouched – Financial Times
“A law to cut red tape – hailed by Gordon Brown as a crucial means of reducing the burden on business – has failed to axe or even amend a single regulation in the first year of its existence.”
Financial Times, 9th December 2007
Source: www.ft.com
Business urges lasting reduction in red tape – The Times
“Businesses called on the Government to cut red tape and not simply to replace it with more bureaucracy as plans for regulatory reform legislation were confirmed.”
The Times, 7th November 2007
Source: www.timesonline.co.uk
Regulator plans crackdown on market abuses in hedge funds – The Times
“London’s powerful hedge fund community is failing to stamp out incidences of market abuse such as insider trading, according to the City’s top market watchdog.”
The Times, 30th October 2007
Source: www.timesonline.co.uk
MPs to accuse FSA of failing to supervise Northern Rock properly – The Times
“The Financial Services Authority (FSA) will be accused tomorrow of failing to supervise Northern Rock when MPs grill officials over the watchdog’s role in the crisis.”
The Times, 8th October 2007
Source: www.timesonline.co.uk
Courts taking a firmer hand to stop weak cases dragging on – The Times
“Judges are increasingly willing to step in to stop another expensive disaster such as BCCI or Equitable Life.”
The Times, 2nd August 2007
Source: www.timesonline.co.uk
Private equity escapes statutory scrutiny – The Guardian
“Private equity firms yesterday escaped the threat of tighter regulation and demands for closer scrutiny of pay and fees after a review rejected imposing public company-style rules on the industry.”
The Guardian, 18th July 2007
Source: www.guardian.co.uk
FSMA reform – Parliament approves regulatory reform of financial services – HM Treasury
“The Government today announced the successful passage through Parliament of the Regulatory Reform (Financial Services and Markets Act 2000) Order 2007. The Order will reduce a number of burdens currently placed on the FSA and business.”
HM Treasury, 12th july 2007
Source: www.hm-treasury.gov.uk
FSA to acquire new powers under European insurance directive – The Times
“The Financial Services Authority (FSA) is expected to gain significant new powers as a result of changes to the supervision of the insurance industry, which could be outlined as early as today.”
The Times, 10th July 2007
Source: www.timesonline.co.uk
FSA announces new regime for IFAs – The Times
“The Financial Services Authority today unveiled plans for a wide-ranging shake-up of the financial services industry, but critics say it has not gone far enough.”
The Times, 27th June 2007
Source: www.timesonline.co.uk
The ‘Supercase’ – Problems and Solutions: Reflections on BCCI and Equitable Life, by Sir Anthony Clarke, Master of the Rolls
The Supercase – Problems and Solutions: Reflections on BCCI and Equitable Life (PDF)
Speech by Sir Anthony Clarke, Master of the Rolls
KPMG Forensic’s Annual Law Lecture 2007
Source: www.judiciary.gov.uk
