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Swaps and the FCA Review process: is the Review working?

By Cat Maclean Partner and Solicitor Advocate, Head of Dispute Resolution at MBM Commercial LLP Some 3 and a half years have now passed since the FCA announced a Review into the missale of interest rate hedging products, or swaps. Although…

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Coming soon: HBOS the sequel?

The Sunday Times  Aimee Donnellan Published: 22 November 2015 Light-touch regulation let the lender run amok. Will George Osborne’s sops to the City spell the start of a new era of lax controls? Former HBOS chief executives James Crosby, left,…

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End of ‘Too-Big-to-Fail’ Banking Era Endorsed by World Leaders

Bloomberg Business By John Glover & Ilya Arkhipov November 15, 2015 — 12:53 PM GMT World leads and members of the Financial Stability Board (FSB) meet at the G20 Turkey Leaders Summit on Nov. 14, 2015 Photographer: /Getty Images G-20 to…

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Banks’ crime fighters want to quit their jobs

The Telegraph By Tim Wallace 12:15AM GMT 17 Nov 2015 Banks are squealing at tough new red tape, but regulators such as the Financial Conduct Authority say they will not back down Banks could face an exodus of crime-fighting staff,…

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FCA and PRA bolster protection for whistleblowers in the financial industry

The Barrister Largest Independent Magazine For Barristers Practising In UK Posted on November 12, 2015 by barrister The FCA and PRA have published new rules on whistleblowing designed to empower individuals to raise concerns within the financial industry. According to…

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Bad bankers are like shoplifters, says George Osborne

The Telegraph By Peter Spence & Tim Wallace It’s wrong that people who steal from shops are jailed, but bad bankers are not held to account Chancellor George Osborne (L), and Mark Carney at the Bank’s Open Forum Bankers who…

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Bank of England’s Carney: Markets ‘tainted’ by misconduct

BBC News 11 November 2015 Image copyright Reuters Image caption Mario Draghi, George Osborne and Mark Carney are attending a public forum on financial markets Bank of England governor Mark Carney says public faith in financial markets has been shaken…

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Does The City Need Anymore Rogue Traders?

The Times Alex Ralph Last updated at 12:01AM, November 9 2015 Rogue Trader Wants To Help Clean Up The City Nick Leeson has co-launched an education, advisory and investigation firm Niall Carson/PA He went down in history as the working…

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Government Flying Blind On Banking

Sunday 8th November By Ian Fraser Steve Baker: The government is flying blind on banking 8th November, 2015 In a stark warning to the government, the MP Steve Baker has said we’re flying blind where RBS and the wider banking system…

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George Osborne will be burnt in ‘bonfire of the bankers’

The Times Harry Wilson, Simon English Published at 12:01AM, November 9 2015 Standard Chartered recently announced it was planning to cut 15,000 jobs globally   Yui Mok/PA Huge City job cuts to hit Treasury tax take hardThe Treasury faces losing…

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