Bankers may not have gone to jail as a result of their failure to manage the financial turbulence of the last few years, but politicians are determined that there should be no repeat of the mismanagement and greed that caused it. The issue is not just one of punishing bankers …
Market firms are at the frontline of the regulatory battle now being waged by the Financial Services Authority and other enforcement agencies against insider trading. The campaign indicated a growing strictness against the offence, as the agency unsuccessfully attempted to fight off government demands for its closure. Sources in the …
The UK is set to embark on the most radical overhaul of its system for investigating and prosecuting white collar crime for a hundred years. The outcome of a consultation process, launched at the end of July, is likely to be the unification of a plethora of intelligence, investigatory and …
The record breaking fine of £33,000,000 levied against JP Morgan by the FSA last year for failing to properly segregate client-money sent out an unambiguous message: the FSA’s Enforcement Division was determined to clamp down on regulatory breach and market abuse and to stiffen up changes in the City self-regulation. …
Of all the dogs that failed to bark when the financial crisis loomed, credit rating agencies (CRAs) were the most notorious. Nicholas Kochan reports on the measures being introduced by global financial centres and regulators to improve their reliability and transparency. Tight regulation for credit ratings agencies (CRAs) is now …
