City traders will be forced to record calls – OUT-LAW.com

Posted March 5th, 2008 in financial regulation, news, telecommunications by sally

“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.”

Full story

OUT-LAW.com, 4th March 2008

Source: www.out-law.com

Rogue stockbroker William Radclyffe jailed for 15 months – The Times

Posted February 14th, 2008 in financial regulation, news, theft by sally

“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).”

Full story

The Times, 13th February 2008

Source: www.timesonline.co.uk

FSA fines and bans Mohammed Suba Miah over high-risk sales – The Times

Posted February 12th, 2008 in financial regulation, news by sally

“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.”

Full story

The Times, 11th February 2008
Source: www.timesonline.co.uk

Treasury launches consultation on the UK market abuse regime – HM Treasury

Posted February 8th, 2008 in consultations, financial regulation by sally

“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.”

Full consultation

HM Treasury, 7th February 2007

Source: www.hm-treasury.gov.uk

City watchdog pursues insider dealer case – The Times

Posted January 23rd, 2008 in financial regulation, insider dealing, news by sally

“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.”

Full story

The Times, 22nd January 2008

Source: www.timesonline.co.uk

Bank watchdog “to get more power” – BBC News

Posted January 4th, 2008 in banking, financial regulation, news by sally

“The chancellor is planning to give the Financial Services Authority more power to deal with failing banks to avoid another Northern Rock-style crisis.”

Full story

BBC News, 4th January 2008

Source: www.bbc.co.uk

UK red tape law leaves regulations untouched – Financial Times

Posted December 10th, 2007 in financial regulation, news by sally

“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.”

Full story

Financial Times, 9th December 2007

Source: www.ft.com

Business urges lasting reduction in red tape – The Times

Posted November 7th, 2007 in financial regulation, news, small businesses by sally

“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.”

Full story

The Times, 7th November 2007

Source: www.timesonline.co.uk

Regulator plans crackdown on market abuses in hedge funds – The Times

Posted October 30th, 2007 in financial regulation, hedge funds, news by sally

“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.”

Full story

The Times, 30th October 2007

Source: www.timesonline.co.uk

MPs to accuse FSA of failing to supervise Northern Rock properly – The Times

Posted October 8th, 2007 in banking, financial regulation, news by sally

“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.”

Full story

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.”

Full story

The Times, 2nd August 2007

Source: www.timesonline.co.uk

Private equity escapes statutory scrutiny – The Guardian

Posted July 18th, 2007 in financial regulation, news, private equity by sally

“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.”

Full story

The Guardian, 18th July 2007

Source: www.guardian.co.uk

FSMA reform – Parliament approves regulatory reform of financial services – HM Treasury

Posted July 13th, 2007 in financial regulation, press releases by sally

“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.”

Press release

HM Treasury, 12th july 2007

Source: www.hm-treasury.gov.uk

FSA to acquire new powers under European insurance directive – The Times

Posted July 10th, 2007 in financial regulation, insurance, news by michael

“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.”

Full story

The Times, 10th July 2007

Source: www.timesonline.co.uk

FSA announces new regime for IFAs – The Times

Posted June 28th, 2007 in consumer protection, financial regulation, news by sally

“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.”

Full story

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