Posts Tagged ‘Financial Services Authority’

Bank Information :FSA fines Coutts £6.3m

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Jmssjj.com Banking Information is Your Complete Resource For Information On Banking.The Financial Services Authority (FSA) has fined Coutts & Company £6.3m due to failings related to the sale of an AIG fund. In addition, Coutts has undertaken to carry out a past business review, which will be supervised by an independent third party and aim to give fitting compensation

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Banking Industry Information :FPC raises long-term funding alert

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Banking information Blog help you decide which banking program is right for you.The Bank of England’s Financial Policy Committee (FPC) has told UK banks to raise long-term funding “whenever possible”. The Committee held its second formal meeting last week, at which members noted “severe strains in financial markets” caused by debt

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Banking Info :MPs call for delay in RDR implementation

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Banking information Blog help you decide which banking program is right for you.The Commons Treasury Committee is calling on the Financial Services Authority (FSA) to delay the introduction of new rules on the provision of financial advice, for 12 months. MPs want to allow advisers more time to comply with the the Retail Distribution Review (RDR), despite backing

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Banking Industry Information :LSE meets new FSA derivatives reporting standard

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When you’re searching for a bank, you need to have the best banking information resources available in order to make the right decision for you.London Stock Exchange (LSE) has announced that its transaction reporting service, UnaVista, is now approved to report all exchange traded derivatives using the Alternative Instrument Identifier (Aii). The announcement follows the Financial Services Authority’s (FSA’s)

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Information on Banking :FSA levy down 2% thanks to enforcement fines

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When you’re searching for a bank, you need to have the best banking information resources available in order to make the right decision for you.The Financial Services Authority (FSA) has published its business plan for 2011/12, plus the implications for its budget. Despite keeping its headcount level, the regulator’s annual funding requirement for 2011/12 is £500.5 million, up from £454.7 million in 2010/11. The increase

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Banking Information :FSA: new rules on investment advisers

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Jmssjj.com Banking Information is Your Complete Resource For Information On Banking.The Financial Services Authority (FSA) has confirmed that retail investment advisers will need to hold a Statement of Professional Standing (SPS) if they want to give independent or restricted advice after January 2013. The statement will provide evidence that the adviser subscribes

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Banking Information :ICB chief speaks on reforming “rickety structure” of banking

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Jmssjj.com Banking Information is Your Complete Resource For Information On Banking.The chairman of the Independent Commission on Banking (ICB) has hinted at the areas of structural reform in the UK banking sector that will be fully covered in the Commission’s report, due in September. In a speech made at the London Business School yesterday, Sir John Vickers

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Banking Info :Société Générale fined £1.575m by FSA

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Jmssjj.com Banking Information is Your Complete Resource For Information On Banking.The London branch of Société Générale has been fined £1.575m by the Financial Services Authority (FSA) for failure to provide the regulator with accurate transaction records.
Over the last two years Société Générale failed to provide accurate reports for 80% of its reportable

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Banking Industry Information :Upton investors received £3.7m in compensation

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When you’re searching for a bank, you need to have the best banking information resources available in order to make the right decision for you.The Financial Services Authority (FSA) has secured £3.717 million in compensation for investors in an unauthorised collective investment scheme operated by Upton & Co. Accountants Limited.
A High Court ruling yesterday confirmed that the victims of the scheme should receive

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Bank Information :FSA bans six mortgage brokers for fraud

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Jmssjj.com Banking Information is Your Complete Resource For Information On Banking.The Financial Services Authority (FSA) has banned six mortgage brokers in relation to mortgage fraud.
Neale Morton, Syed Meah and Jonathan Smith all worked for Neale Morton IMS Limited of Gateshead, Tyne and Wear, and in an interview with the FSA, Jonathan Smith estimated that around

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