Search Results for: UK Financial Conduct Authorit
FCA fines Barclays £72 million. Barclays announces settlement
November 26th, 2015
FCA fines Barclays £72 million for poor handling of financial crime risks Barclays announces settlement with the FCA The Financial Conduct Authority (FCA) has today fined Barclays Bank (Barclays) £72,069,400 for failing to minimise the risk that it may ...
FCA: A sentence of 10 years imprisonment imposed on individual for a “giant Ponzi scheme”
November 25th, 2015
The Court of Appeal has upheld a sentence of 10 years imprisonment imposed on Phillip Harold Boakes following his conviction on 6 March 2015 on charges prosecuted by the Financial Conduct Authority (FCA). Mr Boakes was appealing his ...
Plus500: Termination of Merger Agreement with Playtech – Update on Plus500 and Ava Trade Ltd
November 23rd, 2015
Further to the determination by Playtech PLC that it will be unable to obtain FCA approval before 31 December 2015, the Company and Playtech agreed to terminate the Merger Agreement. The Board of Plus500 today announces its plans for ...
Publication of the PRA and FCA review into the failure of HBOS
November 19th, 2015
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) are today publishing the review into the failure of HBOS Group. This review was originally started by the former regulator, the Financial Services Authority (FSA). Its purpose is ...
FCA fines and bans former Investment Analyst at Aviva Investors
November 19th, 2015
The Financial Conduct Authority (FCA) has today fined Mothahir Miah, a former Investment Analyst at Aviva Investors Global Services Limited (Aviva Investors), £139,000 and banned him from performing any function in relation to any regulated activity in the financial ...
Playtech acquisition of Plus500 may be terminated if not consummated by end of 2015
November 18th, 2015
Playtech has issued an announcement to inform regarding the acquisition of Plus500. Read previous announcement: Playtech’s latest announcement regarding Plus500 acquisition Read previous announcement: Playtech plc: Update on acquisitions of Plus500 Ltd and Ava Trade Ltd According to the firm, the Plus500 ...
Rolls-Royce calls in top law firm to deal with fraud investigation
November 17th, 2015
The engine maker’s decision to bring in Slaughter and May underlines seriousness of allegations Rolls-Royce has called in a leading law firm to help it deal with bribery allegations and a Serious Fraud Office (SFO) investigation. Slaughter and May has ...
FCA‘s Project Innovate celebrates first anniversary with plans for ‘regulatory sandbox’
November 10th, 2015
The Financial Conduct Authority (FCA) has published plans for implementing a ‘regulatory sandbox’. The sandbox will allow businesses to test out new, innovative financial products, services or business models without incurring all the normal regulatory consequences of engaging in ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Standard Chartered seeks £3.3bn from shareholders
November 4th, 2015
Bank posts first loss in years, and says it will cut 15,000 jobs and withdraw from riskier lending Standard Chartered is asking shareholders to stump up £3.3bn while axing 15,000 jobs after reporting its first quarterly loss in 15 years. ...
