Financial Services Authority


Asset manager fined over failure to put in adequate fixed income controls

Money On Hook

The Financial Conduct Authority (FCA) has fined Threadneedle Asset Management Limited (TAML) £6,038,504 ($9.03m) for failing to put in place adequate controls in the fixed income area of its front office, and for providing inaccurate information to the regulator and for failing to correct the inaccurate representation for four months.

Deutsche's Internal LIBOR Probe Clears Board

Deutsche Bank - External

A Deutsche Bank internal probe has found that two of its former traders may have been involved in colluding to manipulate global benchmark interest rates but there was no indication of failure at the top of the organisation, three people close to the investigation said.

UK Regulator In Shock Resignation

FSA Logo

Hector Sants, Chief Executive (CEO) of the Financial Services Authority (FSA), has announced his intention to leave the organisation at the end of June 2012, having completed the fundamental design and delivery of the changes needed to achieve the Government’s plan to separate prudential and conduct financial regulation in the UK.