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RBS Picks up yet Another Multi-Million Pound Fine - Business as Usual
- With the latest FCA penalty confirming ‘serious failings’ in advising 30,000 mortgage customers, the troubled bank is as far from a clean slate as ever, facing several forthcoming cases including FX manipulation.
by
George Tchetvertakov
Former Lloyds Director, Alison Hewitt, Joins HSBC as European Head of Regulatory Compliance
- Europe’s largest bank, HSBC Holdings Plc, has announced the appointment of Alison Hewitt, formerly of Lloyds Banking Group, having recruiting her for the key role of Head of Regulatory Compliance in its European Division.
XM.com Gains ASIC Authorization Under a Subsidiary in Its Parent Company Structure
- The trading name XM.COM, belonging to Trading Point Holdings Ltd, which wholly owns several regulated entities offering online retail brokerage services around the world, just added an ASIC-approved entity to its list.
FCA Fines State Street UK £22 Million On Hidden Markups and Overcharging Six Clients
- The Financial Conduct Authority's case shows that from June 2010 to September 2011, undisclosed fees and hidden mark-ups totaled $20,169,603, and associated misconduct from this merited a hefty fine to State Street UK.
UK's FCA Fines South Africa's Standard Bank Subsidiary £7.6 Million Over AML Failures
- One of Africa's largest banks, with extensive operations in 18 African countries, and in 13 other countries outside of Africa, had its UK subsidiary served a fine by the Financial Conduct Authority over AML failures.
New Product Spotlight: Tradesmarter To Launch Strategix With User-Selectable Risk
- Binary options platform provider Tradesmarter has announced that it will launch its new Strategix product at Forex Magnates London SUMMIT next week, allowing users to vary the risk management strategy.
by
Andrew Saks McLeod
Exclusive: Platform Diversity Meets Binary Options as FXTrade Set To Offer Choice In Japan
- As binary options continues to follow in the footsteps of retail FX, MarketsPulse has today announced its provision of the Ladder Option product to Japan's FX Trade, with the company now offering two platforms.
by
Andrew Saks McLeod
Protectionism In The Largest FX Market: Is Japan Extinguishing Overseas Competition?
- Since the Japanese FSA released new strict guidelines to FX firms in May this year, an underlying bete noire has surfaced as overseas firms wishing to attract Japanese clients are marginalized by the authorities.
by
Andrew Saks McLeod
Brussels Reaches Out To Japan: EC's Michel Barnier Supports Japanese FSA In Regulatory Reform Synergy On OTC Derivatives
- European Commissioner Michel Barnier today further cemented his support for global synergy on the reformation of the regulatory structure for OTC derivatives in a letter to a senior Japanese FSA official.
by
Andrew Saks McLeod
The End Of An Era - Britain's FSA Releases Its Final Annual Report After 28 Years Overseeing The Nation's Financial Markets
- The last annual report from British financial markets regulator the Financial Services Authority was published today, charting regulatory efforts and directives performed during its final year in existence.
by
Andrew Saks McLeod
Westward Ho! Admiral Markets Gains FCA Regulation; Seeks UK and European Client Base
- Estonian forex broker Admiral Markets today announced that the United Kingdom's Financial Conduct Authority has granted a license to the company, allowing expansion into Britain and Western Europe.
by
Andrew Saks McLeod
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