The FCA has been accused of “gold plating” European rules and imposing onerous costs on advisers after proposing firms record all client conversations. As the regulator fires the starting gun on implementing the EU’s recast markets in financial instruments directive, experts warn the legislation will have significant implications for advisers. Last month, the FCA published […]
Deutsche Bank gave false declarations to the FCA and British Bankers’ Association, took years to produce evidence for the regulator and used a call recording system that was “not fit for purpose”, the FCA has found. Earlier today the bank was fined a record £227m by the FCA for manipulating Libor and Euribor. Combined with […]
The Bank of England has voted to maintain its base rate, marking 73 consecutive months at 0.5 per cent. In a statement this morning, the Bank confirmed that its Monetary Policy Committee had voted in favour of maintaining rates, despite speculation that an increase may be imminent. The Bank’s base rate has sat at 0.5 […]
Fixed penalty notices also increase in Q1.
By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]
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