Bermuda Monetary Authority Issues Consultation Paper on Corporate Governance Code
The Bermuda Monetary Authority has published for consultation a Corporate Governance Code for banks.
Originally Published:
Tuesday, December 13, 2011
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Financial Services Authority Report on the Failure of the Royal Bank of Scotland
The Financial Services Authority has published its Board’s Report on “The Failure of the Royal Bank of Scotland” which describes the errors of judgement and execution made by Royal Bank of Scotland executive management which resulted in its failure.
Originally Published:
Monday, December 12, 2011
Evidence to the Treasury Select Committee on the Report by the Financial Services Authority into the Failure of the Royal Bank of Scotland
The House of Commons’ Treasury Select Committee has published a memorandum of advice by Bill Knight and Sir David Walker, as specialist advisers to the Treasury Select Committee, on the Financial Services Authority's report on the Failure of the Royal Bank of Scotland.
Originally Published:
Monday, December 12, 2011
Financial Services Authority Policy Statement on the Review of the Covered Bond Regime
The Financial Services Authority has published a policy statement on the review of the covered bond regime which sets out, amongst other things, certain changes to the Regulated Covered Bond sourcebook which are intended to introduce consistent standards of investor reporting, clarify the role of &q
Originally Published:
Friday, December 9, 2011
European Banking Authority Recommendation on Banks’ Recapitalisation Needs
The European Banking Authority has published a Recommendation, relating to banks’ recapitalization needs as part of a broader European package agreed by the European Council in October 2011 to address the current situation in the EU by restoring stability and confidence in financial markets.
Originally Published:
Thursday, December 8, 2011
ASIC Commences Second Phase of Review of Financial Advice Industry Practice
In stage two of the Australian Securities and Investments Commission's review of the financial advice industry, ASIC intends to provide a questionnaire to 30 of the largest financial service licensees that will include specific questions on licensee business models, training of representatives,
Originally Published:
Wednesday, December 7, 2011
European Commission Proposal for a Regulation on European Venture Capital Funds
The European Commission has now published a legislative proposal in the form of a draft Regulation which is intended to make life easier for venture capitalists to raise funds across Europe for the benefit of start-ups.
Originally Published:
Wednesday, December 7, 2011
UK Treasury Releases Consultation Paper on Bank Executive Remuneration Disclosure
This consultation details the UK Government's proposals for the disclosure requirements contemplated under "Project Merlin", which includes consultation on a mandatory requirement for all large UK banks to publish the pay of their eight highest paid senior executive officers.
Originally Published:
Tuesday, December 6, 2011
Financial Services Authority Speech at Non-Executive Directors’ Conference on Delivering Fair Treatment for Consumers of Financial Services
The Financial Services Authority has published a speech presented by Clive Adamson (Director of Supervision, the FSA Conduct of Business Unit) at the Non-Executive Directors’ Conference on 6 December 2011 where he discusses how the FSA is developing the supervisory approach or philosophy for the pro
Originally Published:
Tuesday, December 6, 2011
Financial Services Authority Speech at Non-Executive Directors’ Conference on Delivering Fair Treatment for Consumers of Financial Services
The Financial Services Authority has published a speech by Nausicaa Delfas (Head of Department, Conduct Supervision, FSA) at the Non-Executive Directors’ Conference which focuses on the FSA’s current and developing approach to the responsibilities of non-executive directors
Originally Published:
Tuesday, December 6, 2011