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Financial Services Authority

Pointing The Finger

Financial Markets

FSA Deserves Blame for Missing Libor Rigging

The U.K.’s financial regulator is partly to blame for not detecting efforts by banks it supervised to rig benchmark interest rates for several years, UK lawmaker Andrew Tyrie said.

Bad Bonus Pool

Financial Markets

Top Firm Staff Said Told Bonus Pool To Be Cut To Pay Fines

Some of the bonus pot will be diverted elsewhere.

Deutsche Bank - External

Financial Markets

Deutsche's Internal LIBOR Probe Clears Board

A Deutsche Bank internal probe has found that two of its former traders may have been involved in colluding to manipulate global benchmark interest rates but there was no indication of failure at the top of the organisation, three people close to the investigation said.

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FSA Logo

Financial Markets

UK Regulator In Shock Resignation

Hector Sants, Chief Executive (CEO) of the Financial Services Authority (FSA), has announced his intention to leave the organisation at the end of June 2012, having completed the fundamental design and delivery of the changes needed to achieve the Government’s plan to separate prudential and conduct financial regulation in the UK.

Gavel

Financial Markets

Former Merrill Lynch Corporate Broker Fined $550,000 For Disclosing Inside Information

The Financial Services Authority (FSA) has fined Andrew Osborne, former Managing Director in Corporate Broking at Merrill Lynch International (now Bank of America Merrill Lynch International) £350,000 ($550,000), for engaging in market abuse by improperly disclosing inside information ahead of a significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.

Report Tick Boxes

Financial Markets

Regulatory Stat Of The Week

Here's an interesting stat about the resources of UK market regulator The Financial Services Authority (FSA).

RBS Logo

Financial Markets

The 6 Main Reasons Why Royal Bank of Scotland Went Belly Up

The Financial Services Authority (FSA) has published its Board’s Report into 'The failure of the Royal Bank of Scotland'. (RBS).

SocGen Risk Management Team Returns to Work

Financial Markets

Goldman Boss Says It's About 'Risk', Rather Than 'Products'

Now here's something to bear in mind.

Your Bonus Here

Financial Markets

Top Firm Accused Of Withholding $500m In Bonuses

Bloomberg reports that Lehman Brothers Holdings is claiming $500m from Barclays, as the bankrupt firm says that the UK-based bank failed to pay all of the bonuses it should have to former Lehman staff when it agreed to acquire Lehman's North American businesses in September 2008.

Financial Markets

Royal Bank Of Scotland's 2010 Remuneration Disclosures

Royal Bank of Scotland (RBS) has published the 2010 remuneration disclosures required by UK regulator The Financial Services Authority.

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