Fines levied by the regulator against the financial services industry soared by almost 50% this year, as the tougher stance of the new Financial Conduct Authority (FCA) left its mark.
After just 11 months in the role, Sir Hector Sants, the bank's head of compliance, government and regulatory relations has resigned.
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Former Financial Services Authority CEO Sir Hector Sants is to join the board of the British Bankers’ Association (BBA) lobbying group, according to reports.
Advisers will increasingly hear about regulation issues over social media such as Twitter, according to a Financial Conduct Authority report.
City watchdogs have pledged to pursue prosecutions against five or more banks accused of fixing Libor, as the probe into rigging of the key inter-bank lending benchmark intensified.
Financial Conduct Authority (FCA) chief executive Martin Wheatley has said he 'can't commit' to lowering advisers' regulatory fees, despite a marked drop in practitioner numbers.
The Financial Conduct Authority has spent almost two years investigating a possible attempt to exploit quantitative easing.
A mortgage broker has been sentenced to two years in prison for making and supplying fraudulent documentation in order to deceive lenders and running a mortgage brokerage when he was banned from doing so.
The Complaints Commissioner has used his annual report to highlight problems his office faced when dealing with the Financial Services Authority (FSA).
The Financial Services Authority handed out fines totaling more than £400m in the last year before it was overhauled, a huge jump from previous years amid mammoth fines for banks over LIBOR failings.
Regulatory reform costs of the former regulator, the Financial Services Authority (FSA) more than doubled in the last year of its operation and could in future be levied on firms, the FSA annual report has revealed today.
The Financial Services Authority received roughly 6,000 reports each year about unauthorised activity in the UK, its final annual report revealed.
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