Search Results for: FCA
The Quindell share price fiasco should not dent faith in the robust Aim market
December 10th, 2014
The AIM market, the London Stock Exchange’s junior market, has been subjected to an unprecedented level of criticism over recent weeks. The fiasco at Quindell, which saw another twist this week, as the company called in PwC to review ...
New strategic approach to ensure “sharper focus” to regulatory challenges ahead
December 9th, 2014
The FCA’s remit is far ranging and challenging with the recent additional responsibility for regulating consumer credit meaning the number of firms that now come under the FCA has trebled over the past eighteen months. The approach is shaped ...
Fiat Chrysler launches $2.5 billion mandatory convertible bond, share offer
December 5th, 2014
Fiat Chrysler Automobiles (FCA) (FCHA.MI) (FCAU.N) said on Thursday it had launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan. ...
Tesco boss Dave Lewis overhauls management structure amid accounting scandal
December 2nd, 2014
Tesco’s newly appointed CEO Dave Lewis has overhauled the management structure of the British retailer in the wake of an accounting scandal that led to eight managers being suspended. Lewis will temporarily head UK operations as the current managing ...
Supervisory Authorities issued warnings on unauthorised companies
December 2nd, 2014
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Belgium (Financial Services and Markets Authority – FSMA), Ireland (Central Bank of Ireland), Spain (Comisión Nacional del Mercado de Valores – CNMV) and Holland (Netherlands Authority for ...
From Gotham City to Fidelity and Canaccord: The unfortunate tale of Quindell’s share price
November 18th, 2014
You’d be forgiven for forgetting the full detail behind the story of Quindell – here, we wrap up the last seven months of headache-inducing stories that kept the insurance outsourcer in the headlines. April 23 – Mysterious short seller Gotham ...
Bank of Canada is Keeping a Close Eye on E-Money
November 14th, 2014
The Bank of Canada is keeping a close eye on the risks posed by new forms of electronic money, given that the Bank’s job is to issue currency, promote financial stability and oversee Canada’s payment systems, Senior Deputy Governor ...
New Payment Systems Regulator sets out how it will regulate the £75 trillion industry
November 14th, 2014
The new Payment Systems Regulator (PSR) today sets out how it proposes to regulate the £75 trillion payments industry when it becomes fully operational on 1 April 2015. The proposals will further the PSR’s three objectives: to promote competition, ...
Forex traders plotted strategy in secret chats
November 13th, 2014
Traders of major banks fined $4.3 billion Wednesday for attempted manipulation of foreign exchange markets used electronic chat rooms to plot their moves. Transcript excerpts of conversations released Wednesday by the Commodity Futures Trading Commission show traders from U.S. banks Citibank(C) ...
Report on role of Bank of England officials in relation to conduct issues in the foreign exchange market
November 12th, 2014
The Oversight Committee has today published an independent report by Lord Grabiner QC. This follows his investigation into whether, between 2005 and 2013, any Bank of England official was involved in, or aware of, conduct issues in the foreign ...
