The European Commission is pressing for a radical overhaul of its investment rules to keep up with the accelerating pace of change in securities markets and to encourage more cross-border trade.
The update of the EU’s..
Speaking to the annual conference of the UK’s financial investigators on November 6th, FSA managing director Philip Thorpe described the latest developments in the FSA’s investigation into the alleged money laundering carried out on behalf..
Speaking to trade unions at the Alliance for Finance Conference 2000 on November 2nd, FSA Chairman Howard Davies said the review of Approved Examinations to strengthen the standards of professionalism in the financial sector will..
Speaking at a Bloomberg lunch in London on October 25th, FSA Chairman Howard Davies warned that selective briefing of City analysts and the media by listed companies will not be tolerated. He pointed to a..
On October 31st the FSA published a consultation paper outlining draft rules and guidance on the oversight of solicitors, accountants and actuaries, who are to be ‘exempt professional firms’ under the FSMA.
Noting that the investment..
The Forum of European Securities Commissions (FESCO) has published two papers, on ‘The regulation of Alternative Trading Systems in Europe’ and ‘A European regime against Market Abuse’. The former was prepared for the EU Commission..
In September the Basel Committee’s Electronic Banking Group (EBG) published a Discussion Note exploring the cross-border supervisory issues and challenges related to electronic banking activities and pointing out the need for international co-operation among supervisors..