Search Results for: UK Financial Conduct Authorit
FCA fines Aviva Investors £17.6m for systems and controls failings
February 25th, 2015
“The Financial Conduct Authority (FCA) has fined Aviva Investors Global Services Limited (Aviva Investors) £17,607,000 for systems and controls failings that meant it failed to manage conflicts of interest fairly. These weaknesses led to compensation of £132,000,000 being paid ...
FCA sets out approach to Non-Executive Directors and the Senior Managers Regime
February 23rd, 2015
Non-Executive Directors (NEDs) with specific responsibilities, such as Chairman, will come under the new Senior Managers Regime (SMR), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) confirmed today. Following a detailed consultation across industry and with stakeholders ...
FCA warning against unauthorised firm
February 19th, 2015
The Financial Conduct Authority (“FCA”) of the United Kingdom would like to alert that: Boiler Room Name: BC Financial Advisors Address: New Burlington House, 1075 Finchley Road, London, NW11 0PU Telephone: 02034756986 Email: info@bcfinancialservicesinc.com is NOT authorised under the ...
FCA to investigate competition in investment and corporate banking services following review of wholesale markets
February 19th, 2015
The Financial Conduct Authority (FCA) today announced plans to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly. This follows the publication of its review into competition ...
MFSA: Warning against INTERACTIVE BROKERAGE LTD (former GLOBAL MARKETS LTD)
February 18th, 2015
INTERACTIVE BROKERAGE LTD (former GLOBAL MARKETS LTD) The Financial Supervision Commission (FSC) draws investors’ and all interested parties’ attention on the fact that starting from February 5th, 2015 GLOBAL MARKETS LTD. changed its corporate name and the new name ...
FCA joins HSBC tax-dodging inquiry
February 17th, 2015
The Financial Conduct Authority (FCA) says it is looking into the HSBC bank over its Swiss tax-dodging scandal. The move comes in the light of last week’s allegations that the bank had helped hundreds of people evade UK tax ...
HSBC files: Swiss bank hid money for suspected criminals
February 13th, 2015
HSBC’s Swiss bank concealed large sums of money for people facing allegations of serious wrongdoing, including drug-running, corruption and money laundering, leaked files reveal. Despite being legally obliged since 1998 to make special checks on high-risk customers, the bank ...
Denials continue despite MPs hearing of HSBC tax evasion claims in 2011 (Video)
February 11th, 2015
Downing Street insists it had no warning of HSBC wrongdoing, despite revelation MPs had known about ‘disc from the Swiss’ with names of potential tax dodgers Downing Street and the Financial Conduct Authority insisted on Tuesday they had been ...
HSBC files: international outcry over activities at bank’s Swiss arm
February 10th, 2015
Revelations of collusion with wealthy and criminal clients in tax malpractice triggers furious response around the world HSBC was fighting an international firestorm on Monday over revelations that its Swiss private bank helped clients conceal undeclared accounts and provided services ...
US scrutiny of Barclays and UBS widens forex trading probe
February 9th, 2015
The US Department of Justice is scrutinising currency-linked investments marketed by Barclays and UBS in an indication that the sprawling global probe into the foreign exchange market may become more troubling for banks. The DoJ is examining whether the ...
