21 May
The Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Services Authority (FSA) to fine Sachin Karpe £1.25 million and Laila Karan £75,000 and ban them both from performing any role in regulated financial services for failing to act with integrity, in breach of Principle 1 of the FSA’s Statements of Principles and Code of Conduct for Approved Persons (“APER”) and for not being fit and proper persons.
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16 May
The Financial Services Authority (FSA) has published a decision notice indicating that it has decided to prohibit Anthony Verrier (a senior executive at BGC) 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.
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15 May
The Financial Services Authority (FSA) has fined Habib Bank AG Zurich (Habib) £525,000 and its former Money Laundering Reporting Officer (MLRO) Syed Itrat Hussain £17,500 for failure to take reasonable care to establish and maintain adequate anti-money laundering (AML) systems and controls.
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25 May
This Policy Statement reports on the main issues arising from our Consultation Paper 11/28 – 'UK implementation of Amending Directive 2010/73/EU' – and publishes a draft statutory instrument and FSA near-final rules.
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10 May
This Feedback Statement reports on developments from the Consultation Paper 11/16 (Recovery and Resolution Plans).
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30 Apr
The FSA's Consultation Paper CP12/9 is entitled 'Consumer redress scheme in respect of unsuitable advice to invest in Arch cru funds'. It was published in April 2012. Comments should reach us by 31 July 2012.
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23 Apr
On 1 October 2010 the FSA issued a Decision Notice to Mr John Pottage. Mr Pottage referred the Decision Notice to the Upper Tribunal (Tax and Chancery Chamber) on 28 October 2010. The hearing of the reference took place between November 2011 and January 2012.
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15 May
Speech by Julian Adams at the Insurance Day Summit
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09 May
Speech by Martin Wheatley at the Building Societies Association
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04 May
Speech by Martin Wheatley at the Chartered Institute of Bankers
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