Six men - including two "senior city professionals" and a hedge fund employee -have been arrested on suspicion of being involved in a insider dealing ring.
Institutional investors will have to sign up to a stewardship code as part of Sir David Walker's reforms on bank pay and governance as shareholders.
EUROPE - The proposed European Union directive to regulate alternative asset managers could cost investors some €5bn (US$7.4bn), a report commissioned by UK regulator Financial Services Authorities found.
The proposed European Union directive to regulate alternative asset managers could cost investors some €5bn (£4.6bn), a report commissioned by the Financial Services Authorities reveals.
UK - The Financial Services Authority has confirmed it will continue to require disclosure of short selling - but said it will focus on pushing for an international transparency regime rather than establish long-term rules for the UK.
The Financial Services Authority has confirmed it will continue to require disclosure of short selling - but said it will focus on pushing for an international transparency regime rather than establish long-term rules for the UK.
Richard Lowe discusses the sustainability and appropriateness of defined contribution as a suitable replacement for defined benefit
Some small self-invested personal pension operators are failing to meet the Financial Services Authority's treating customers fairly guidelines and must improve, the regulator has warned.
UK - The number of complaints about life and pensions products has fallen by 76%, latest Financial Services Authority data reveals.
The number of complaints about life and pensions products has fallen by 76%, latest Financial Services Authority data reveals.