Search

Your search keyword '"FINANCIAL Conduct Authority (Great Britain)"' showing total 17 results
Start Over Descriptor "FINANCIAL Conduct Authority (Great Britain)" Topic fines (penalties)
17 results on '"FINANCIAL Conduct Authority (Great Britain)"'

1. Enforcement ratchets up.

Author

MacNeil, Iain

Subjects
*FINANCIAL institution lawsuits, *BANKING laws, *FINANCIAL services industry laws, *FINES (Penalties)
Abstract

The author reflects on the enforcement actions of the U.S. Securities and Exchange Commission (SEC) and the British Financial Conduct Authority (FCA) and the Financial Services Authority (FSA) against banks and other financial institutions that do not comply with financial regulations. He believes that the implementation of enforcement actions does not guarantee higher levels of financial regulation compliance. He also discusses the increase in fines imposed the by the financial regulators.

Published
2013
Full Text
View/download PDF

2. Trader in U. K. Fined for Bond Ploy.

Author

Martin, Katie, Chaturvedi, Neelabh, Forelle, Charles, Enrich, David, Douglas, Jason, and Stubbington, Tommy

Subjects
*FINES (Penalties), *MARKET manipulation, *GOVERNMENT securities, *EMPLOYEES
Abstract

The article reports that on March 20, 2014 Great Britain's Financial Conduct Authority (FCA) fined Mark Stevenson, a former trader for banking company Credit Suisse AG, $1.1 million for having allegedly tried to manipulate the market for British government bonds. The FCA charged that Stevenson tried to sell the Bank of England over one-billion British pounds worth of bonds after having driven their prices up through vigorous trading.

Published
2014

3. ICAP Nears Rate-Probe Settlement.

Author

Eaglesham, Jean, Enrich, David, and Barrett, Devlin

Subjects
*LEGAL settlement, *LIBOR, *FINES (Penalties)
Abstract

The article reports that in late September 2013 brokerage firm ICAP PLC is expected to pay a fine to under $100 million to settle investigations by the British Financial Conduct Authority and U.S. Commodity Futures Trading Commission into ICAP's alleged efforts to manipulate interest rates including the London interbank offered rate (Libor). ICAP continues to be investigated by the U.S. Justice Department.

Published
2013

4. J.P. Morgan Set to Agree To Big Fine For 'Whale'

Author

Ackerman, Andrew, Patterson, Scott, Sidel, Robin, Zibel, Alan, and Albergotti, Reed

Subjects
*FINES (Penalties), *BUSINESS losses
Abstract

The article reports that banking company J. P. Morgan Chase & Co. is expected to agree to pay $800 million or more in fines in a settlement with various regulators including the U.S. Securities and Exchange Commission and the British Financial Conduct Authority related to trading losses that exceeded $6 billion at Morgan's London, England office. Morgan, which will be cited for lax internal controls and faulty disclosure, will also admit to wrongdoing.

Published
2013

5. High-Speed Trader Pushed to Curb.

Author

PATTERSON, SCOTT and TRINDLE, JAMILA

Subjects
*HIGH-frequency trading (Securities), *FINES (Penalties), *MARKET manipulation
Abstract

The article reports that both the U.S. Commodity Futures Trading Commission (CFTC) and Great Britain's Financial Conduct Authority (FCA) have taken action against high-speed trading firm Panther Energy Trading LLC for alleged manipulation of commodities markets. The FCA fined Panther chief executive Michael J. Coscia over $900,000, while the CFTC fined Panther $1.4 million and ordered it to give back profits on certain trades.

Published
2013

6. HSF takes lead role for Vanquis Bank in FCA probe.

Author

Rogers, Alexandra

Subjects
*LEGAL consultants, *GOVERNMENTAL investigations, *FINES (Penalties)
Abstract

The article reports on the lead role of law firm Herbert Smith Freehills (HSF) as legal adviser of Vanquis Bank during the customer interest investigation that was conducted by Financial Conduct Authority (FCA) in Great Britain. Topics mentioned include the help of HSF partners Hywel Jenkins, Andrew Procter and associate Chris Ninan, the order to the company to pay fines for violating the FCA principles, and the failure to disclose the repayment option plans (ROPs) cost.

Published
2018

7. Fine for Former Executive in 'London Whale' Case.

Author

PROTESS, BEN

Subjects
*FINES (Penalties)
Abstract

The article reports on the fine imposed by the Great Britain Financial Conduct Authority (FCA) to Achilles Macris, former executive of financial services company JPMorgan Chase, in relation to the London whale case.

Published
2016

8. RBS Penalized Over Mortgages.

Author

COLCHESTER, MAX and WALKER, IAN

Subjects
*FINES (Penalties)
Abstract

The article reports that the Royal Bank of Scotland Group PLC has been fined $24 million by Great Britain's Financial Conduct Authority for various shortcomings when giving advice to customers including failing to have taken budget information into account when making mortgage recommendations.

Published
2014

9. Barclays Is Fined in Gold-Fix Probe.

Author

FREEMAN, FRANCESCA

Subjects
*FINES (Penalties)
Abstract

The article reports that, as of May 24, 2014, the financial firm Barclays PLC has been fined for failing to manage conflicts of interest between itself and its customers and permitting a trader to manipulate a gold benchmark, by the Financial Conduct Authority of Great Britain.

Published
2014

10. Regulators Set to Fine J.P. Morgan On 'Whale' Trading.

Author

PATTERSON, SCOTT and SIDEL, ROBIN

Subjects
*FINES (Penalties)
Abstract

The article reports that several financial regulators including the U.S. Securities and Exchange Commission and British Financial Conduct Authority are preparing to fine banking company J. P. Morgan Chase & Co. over $900 million in connection with a trading loss that exceeded $6 billion at the bank's London, England office.

Published
2013

11. Exclusive: Baker & McKenzie picks up Barclays instruction on UK forex fine aftermath.

Author

Kinder, Tabby

Subjects
*FOREIGN exchange laws, *FINES (Penalties)
Abstract

The article reports that law firm Baker & McKenzie has selected an instruction from law firm Clifford Chance LLP client bank company Barclays Bank PLC on manipulation of foreign exchange in Great Britain. Partners from financial services and disputes practices of Baker are understood to be suggesting the bank on issues to do with the forex manipulation penalty fine of $2.3 billion. The fine of 284 million pounds was levied by the Financial Conduct Authority (FCA) as part of the settlement.

Published
2015

12. CC and SullCrom advise on Barclays record $2.3bn penalty fine over forex rigging.

Author

Kinder, Tabby

Subjects
*FINES (Penalties), *FOREIGN exchange market
Abstract

The article reports on the appointment of law firms Clifford Chance LLP and Sullivan & Cromwell LLP as legal advisers to British financial services firm Barclays PLC that faced allegations on foreign exchange manipulation. Barclays was ordered to pay penalty fines to the New York State Department of Financial Services, U.S. Commodity Futures Trading Commission and Great Britain's Financial Conduct Authority for a total of $2.3 billion.

Published
2015

13. A&O advises BNY Mellon on FCA custody breach investigation.

Author

Bernal, Natasha

Subjects
*CUSTODIAL accounts, *FINES (Penalties), *ACTIONS & defenses (Law)
Abstract

The article reports on the legal advise of British law firm Allen & Overy LLP to American banking and financial services company Bank of New York Mellon Corp. over an investigation by Great Britain's Financial Conduct Authority (FCA) for the fine against the company for breaching custody rules. The advise was provided by Allen's partners Calum Burnett, Damian Carolan and Philip Annett. The FCA invesigation found the custody rules violated by BNY Mellon London and BNY Mellon International Ltd.

Published
2015

14. Clifford Chance advises as RBS waits for latest FCA fine.

Author

Beioley, Kate

Subjects
*FINES (Penalties), BRITISH banking industry
Abstract

The article reports that in preparation for another round of fines from the British Financial Conduct Authority (FCA), Clifford Chance LLP is advising the Royal Bank of Scotland (RBS). It is mentioned that the latest in a string of major banking investigations run by the FCA is the investigation due to complete any day and the most recent high-profile internal investigation handled by Clifford Chance.

Published
2014

15. Former Pannone FD Anthony Clare fined by FCA.

Author

Gannagé-Stewart, Hannah

Subjects
*FINES (Penalties)
Abstract

The article reports that the Great Britain Financial Conduct Authority (FCA) has fined Legacy Pannone financial director Anthony Clare 208,600 pounds following an investigation into misselling at insurer Swinton.

Published
2014

16. RPC acts as Pinsents sues RP Martin over unpaid fees for Libor advice.

Author

Gannagé-Stewart, Hannah

Subjects
*LIBOR, *FINES (Penalties), *ACTIONS & defenses (Law)
Abstract

The article reports that the full-service international law firm Pinsent Masons has filed a High Court claim against broker client RP Martin for failing to stump up fees for providing advice to its Libor investigation. It mentions that on May 15, 2014, the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Conduct Authority (FCA) have fined RP Martin after an investigation into Libor frauds.

Published
2014

17. Untitled.

Subjects
*FINES (Penalties)
Abstract

The article reports on the Financial Conduct Authority of Great Britain imposing a record 28 million pounds fine to Lloyds bank for its sales practices.

Published
2014

Catalog

Books, media, physical & digital resources
See catalog results