The Financial Services Authority has published the findings of a thematic review into anti-bribery and corruption (ABC) systems and controls in investment banks

The European Securities and Markets Authority (ESMA) has published a report which provides an overview of its supervisory activity on credit rating agencies (CRAs) registered in the European Union.

The European Securities and Markets Authority (ESMA) has published a Discussion Paper which covers the development of the proxy advisory industry in Europe.

The Regulation on short selling and certain aspects of credit default swaps has been published in the Official Journal of the European Union. The Regulation comes into effect on 1 November 2012.

The European Central Bank has published several opinions relating to markets in financial instruments and insider dealing.

The European Parliament has announced that it has adopted the European Market Infrastructure Regulation.

The interim Financial Policy Committee (FPC) met and discussed its advice to the Treasury regarding the macro-prudential tools over which the statutory FPC should have powers to direct action by the proposed new regulatory authorities, the Prudential Regulation Authority and the Financial Conduct Au

The Financial Services Authority (“FSA”) has fined Coutts & Company (“Coutts”) £8.75 million for failing to take reasonable care to establish and maintain effective anti-money laundering (“AML”) systems and controls relating to high risk customers, including Politically Exposed Persons.

On 30 November 2011 the International Development Committee published its Eleventh Report of Session 2010-12, Financial Crime and Development (HC 847). On 31 January 2012 the Government Responded to the Report.