Compliance Monitor

Despite internal reviews of its systems and an apparent thumbs-up from the FSA, the Swiss banking giant succumbed to a whopping rogue trading loss in its London office. How could this happen? Steven Francis and Imogen Hurst delve into the detail.

FSA Hobbled as tribunal clears “fantasist” of market abuse The Upper Tribunal has overturned an FSA decision notice and deemed that Mizuho International trader David Hobbs did not commit market abuse when he directed broker Andrew Kerr..

On 1 January 2013 the main Retail Distribution Review amendments come into force – the most momentous change in the way the financial services industry markets its savings and investment products to the public since certain parts of the Financial Services Act 1986 came into force in 1988. Adam Samuel traces the tortuous path behind and spots some pot-holes ahead.

New rules to enhance self-invested personal pension (SIPP) standards could leave operators with a bad taste in their mouth, say Charlotte Hill and Victoria Silver .

The European Union is by no means sated in its efforts to reform unhealthy remuneration structures in the financial services sector and 2013 looks to be a year of even more regulation in this area. Alex Beidas summarises the key developments.

Randstad Financial & Professional revisits the working environment for compliance specialists during the tumultuous era of the Financial Services Authority and peeks ahead to an uncertain future.

With just months remaining before ‘legal cutover’ to the new regulatory structure around April 2013, final legislative measures are being discussed while the transition to two Handbooks and a dual-regulated Approved Persons regime have been set out. Emma Radmore reports.

Many industry participants are struggling with what is already a complex regulatory regime for handling client assets; yet the FSA’s proposals on multiple client money pools could considerably augment these challenges reports Judith Cromwell.