Convicted ex-Schroders trader to pay £350k
Damian Clarke must pay fine within three months or face a further three years in prison.
Tag: Financial Conduct Authority
FCA clarifies limits of MiFID II commission payments regime
FCA’s final rules on MiFID II revealed which services are considered execution-related and a relaxation of RPA management.
FCA to review liquidity management policies
Liquidity management highlighted as a focus for the UK regulator this year.
FCA considers regulating blockchain
UK authority outlines concerns with regulating blockchain technology within new consultation paper.
Buy-side to wait until deadline before implementing unbundling
Recent survey finds majority of buy-side firms will wait until MiFID II is launched before implementing unbundling.
FCA slams unbundling failures at buy-side firms
Regulator visited investment firms and found majority are failing to meet unbundling and dealing commission requirements.
Asset managers failing to oversee best execution, says FCA
FCA urges buy-side firms to implement strategies to ensure best execution is monitored efficiently.
FCA sued by jailed Libor trader for ban
Tom Hayes was the first to be jailed for 11 years following appeals to his conviction for Libor manipulation.
FCA acknowledges increase in rejected bond trades
Buy-siders have raised issue of rejected bond trades with regulator in the past.
Deutsche Bank fined $630 million for ‘mirror-trading’ scheme
Department of Financial Services in New York found Deutsche Bank conducted business in an “unsafe and unsound manner.”