Search Results for: FCA

Shelbourne Markets purchased by ETX Capital

June 27th, 2014 (0)
ETX Capital, a London-based financial spread-betting and contracts-for-difference provider, has acquired Shelbourne Markets, Ireland’s largest financial spread-betting firm for an undisclosed sum. Shelbourne, which has 10,000-11,000 clients in Ireland, has been on the market for some months with four ...

Regulator Investigates Controls at Deutsche Bank Commodities Unit

June 20th, 2014 (0)
Germany’s top financial regulator recently investigated internal controls at Deutsche Bank AG’s commodities unit, according to a person familiar with the probe. The regulator, BaFin, sent a letter to the bank outlining its findings in April, this person said. ...

Credit Suisse and Yorkshire Building Society fined for failing to promote products

June 16th, 2014 (0)
The Financial Conduct Authority has slapped a unit of Credit Suisse and the Yorkshire Building Society (YBS) with millions of pounds worth of fines for failing to ensure that the promotion of a key financial product was clear, fair ...

HM Treasury, the BoE and the Financial Conduct Authority announce Fair and Effective Markets Review

June 12th, 2014 (0)
The British government has announced in a press release publishing the Fair and Effective Markets Review the strategic steps to follow in order to raise standards of conduct in the financial system. The review was conducted jointly by the Treasury, the ...

Barclays Fine Spurs New U.K. Scrutiny of Derivatives Conflicts

June 6th, 2014 (0)
Britain’s markets regulator plans to scrutinize the conflicts of interest banks face when they use derivatives after fining Barclays Plc (BARC) for manipulating the price of gold to avoid a pay-out to a client. The Financial Conduct Authority will ...

Barclays Manipulated Gold as Soon as It Stopped Manipulating Libor

May 26th, 2014 (0)
If you were writing a paranoid fantasy of gold price manipulation you’d be hard pressed to come up with something more on the nose than the U.K. Financial Conduct Authority’s order against Barclays. It has everything; it is the ...

Important information for debt management customers

May 22nd, 2014 (0)
The Financial Conduct Authority (FCA), the British financial regulatory body has issued the following warning: People who have a debt management plan with Debt Help & Advice Ltd should cease making payments to the company immediately, the Financial Conduct ...

Payday Lending: Fixing a broken market

May 13th, 2014 (0)
ACCA (the Association of Chartered Certified Accountants) has launched a unique report on payday lending looking specifically at its business model. Called Payday lending: fixing a broken market, the authors Sarah Beddows, an independent consultant, and Mick McAteer from ...

David Cameron’s brother calls for fraud trial to be halted over legal aid cuts

April 29th, 2014 (0)
Alexander Cameron QC argues in court that state has failed to provide defendants with adequate representation The prime minister’s brother, Alexander Cameron QC, has argued in court that a complex fraud trial should not go ahead because the defendants ...

Financial Conduct Authority to investigate how firms deal with risk benchmark manipulation

March 31st, 2014 (0)
The Financial Conduct Authority (FCA) has announced plans to look into how firms can reduce the risk of traders manipulating key benchmarks as a central part of its Business Plan for 2014/15, which was published today. The forward-looking thematic ...
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