For investors, regulators and public companies, two of the biggest hot-button issues are executive pay and insider trading. Now a University of Pittsburgh professor and a colleague have found a connection between the two topics that is sure to enliven the debate. David J. Denis and Purdue University’s Jin Xu say there is a correlation Read More …

David Sparkes, the new compliance chief of the British Insurance Brokers’ Association (Biba), has vowed to fight for more ‘proportional regulation’. After a month in the role Mr Sparkes revealed to Insurance Age that he has already told the Financial Conduct Authority (FCA) to tone down its focus on brokers.

SHIRLINA Tsang, a former Royal Bank of Scotland Group Plc trader has been sentenced to 50 months in jail for pleading guilty of fraud. Tsang, 43 tried to hide losses of 19.5 million pounds. “This is an extremely serious offense,” District Court Judge Garry Tallentire said as he handed down the sentence today. “Your acts Read More …

City Finance event: where do you want to go next? Rousseau International is committed to giving you the very best benefits, and we are delighted to be able to invite you to a forthcoming City Finance event, hosted jointly by us and the Professional Representation Network (PRN). Held in the City of London, this is Read More …

An arrest warrant has been issued for two former JPMorgan Chase & Co. employees on suspicion that they tried to conceal $6 million losses incurred by the infamous ‘London Whale’ trader. Prosecutors from the US attorney’s office are believed to be pushing for the arrest of Javier Martin-Artajo and Julien Grout, and it is expected Read More …

Data published on Monday show the UK is growing at a rate far better than expected. The Markit/CIPS UK services sector Purchasing Managers Index (PMI) – a combination of the services and manufacturing sectors – recorded growth of 60.2 in July, up from 56.9 in June and well above the 50 mark which signals the Read More …

US and UK authorities are teaming up to crack down on market abuse. By working together, they have used their mutual powers to punish a small high-frequency trading company for attempting to rig commodity markets. On Monday, the US Commodities and Futures Trading Commission, the UK Financial Conduct Authority and the Chicago Mercantile Exchange each Read More …

The UK’s new financial regulator has ordered a ban to all financial advisers who recommend risky, unusual or complex investments to ‘ordinary’ clients. From 1st January 2014, only sophisticated or wealthy clients, defined as those who earn above £100,00 per annum, or have more that £25,000 to invest, will be eligible to legitimately receive any Read More …

In June 2010 the Chancellor announced changes to the way that financial services will be regulated. Fast forward to April 2013, The Financial Services Authority has been abolished and the majority of its functions and responsibilities replaced by two successor organisations. The Prudential Regulatory Authority (PRA) which forms part of the Bank of England, and the Financial Read More …