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On 14 May 2012, the FSA issued its finalised guidance on payment for order flow arrangements following its October 2011 guidance consultation...

The Financial Services Authority has fined asset manager, Martin Currie Investment Management Limited, a total of £8.6 million for failing to deal with a conflict of interest between two of its clients, leading to a finding of corporate fraud in the US...

The President announced that the United States will ease its prohibitions on the export of financial services to and new investment in Burma...

Highlights the amendments to IFRS issued as part of the IASB’s annual improvements process (2009-2011 cycle)...

The extensive utilisation of sanctions as a foreign policy tool is a comparatively recent development in the European Union. As such, there are limited examples of enforcement actions taken against those who breach sanctions, whether deliberately or accidentally...

Adam Posen, an external member of the Bank’s Monetary Policy Committee, is to become the next President of the Peterson Institute for International Economics. Dr Posen will leave the MPC on 31 August at the end of his three-year term to take up this new role...

Speech made by the Chancellor of the Exchequer, Rt Hon George Osborne MP; 18 May 2012...

The Ministry of Justice initiated a consultation process following its proposal to introduce Deferred Prosecution Agreements in the United Kingdom as an enforcement tool to combat economic crimes by commercial organisations...

This consultation sets out proposals for an additional tool for prosecutors, the deferred prosecution agreement (DPA), to deal with serious economic crime committed by commercial organisations...

On 5 April 2012, President Obama signed the Jumpstart Our Business Startups Act. Its stated purpose is to increase American job creation and economic growth by improving access to the US public capital markets for Emerging Growth Companies...

Corporate governance reforms at major private financial services firms still have a long way to go in securing financial stability...

The ECJ has again held that a withholding tax levied by a European member state on dividends paid to non-residents - in this case investment vehicles - is an unjustified restriction on the freedom of movement of capital...

Topics in this issue:

ECOFIN agrees CRD4

ECON votes on CRD4

FS Bill introduced in new session

HSBC wins on Shah issues

FSA fines bank and MLRO for AML breaches

IMA responds on AIFMD implementation

The Annual Conference of the IOSCO in Beijing marks the 10th anniversary of the Multinational Memorandum of Understanding, the instrument used by securities regulators to help ensure effective global regulation and preserve and strengthen securities markets around the globe...

ISDA received confirmation that the SEC staff supports the view that the novation of a bilateral OTC derivative contract to a clearing organization does not result in the termination of the original bilateral derivative contract and associated hedge relationship...

Bank Negara Malaysia hosted the second meeting of the FSB Regional Consultative Group for Asia in Kuala Lumpur, Malaysia...

These Regulations make provision relating to the enforcement of Council Regulation (EU) No. 377/2012 of 3 May 2012 restrictive measures directed against certain persons, entities and bodies threatening the peace, security or stability of the Republic of Guinea-Bissau...

For the reasons given in this Notice in this Final Notice, the FSA has taken the following action against Fawad Afzal Choudhry...

The consolidated list of asset freeze targets has been updated as at 17 May 2012...

The way websites in the UK use cookie files is about to change - but with the right guidance and information individuals and organisations will find it is actually a very simple transition...

The European Union finds itself in the middle of a crisis that rivals that of 1929. Banking crises are not rare events; there have been thirty since 1985, each leading to very high costs for society...

This publication will help you in preparing interim financial reports in accordance with IAS 34 Interim Financial Reporting. It lists the minimum disclosures required by IAS 34 and in limited circumstances, includes the requirements from other standards for ease of reference...

Early year optimism appeared to stabilise markets but the effects of the Long Term Refinancing Operation appear to be waning as secondary asset prices fell in April 2012. Market sentiment has taken a turn for the worse and volatility has returned with a bang in the European markets...

These Guidelines include provisions on the IRC modelling approaches employed by credit institutions using the Internal Model Approach for the calculation of the required capital for specific interest risk in the trading book...

Speech by Steven Maijoor; ESMA Chair; Beijing, 16 May 2012...

The FATF Secretariat participated in the Financial Crime Symposium hosted by the Law Society of England and Wales on 15 May 2012 in London, United Kingdom...

This notice is issued in respect of the asset freezing measures and the investment ban directed by the European Union against Burma/Myanmar...

The FSA has published a decision notice indicating that it has decided to prohibit Anthony Verrier from performing any function in relation to any regulated activity in the financial services industry. The FSA believes that Verrier is not a fit and proper person due to concerns over his honesty, integrity and reputation...

The FSA has decided to make an order, pursuant to section 56 of the Act, prohibiting Mr Verrier from performing any function in relation to any regulated activity carried on by any authorised or exempt person or exempt professional firm, because it appears to the FSA that Mr Verrier is not a fit and proper person due to concerns over his honesty, integrity and reputation...