Standard Chartered prepares for $900m fines in UK and US
Standard Chartered said the fines relate to violations of US sanctions laws and financial crime control failures in the UK.
Tag: Financial Conduct Authority
Hayley’s Comment: Misguided intervention
Senior reporter Hayley McDowell examines ESMA’s investigations into periodic auctions and asks what it could mean for the future of trading post-MiFID II.
Periodic auction growth not driven by MiFID II dark trading rules, says FCA
The FCA appears to take a more relaxed approach to periodic auctions, while asset managers and other regulators remain concerned about their lack of transparency.
FCA targets MiFID II compliance in latest business plan
MiFID II compliance with best execution, unbundling and payment for order flow are among the rules the FCA will be looking at this year.
FCA pursues annual ‘value for money’ assessment from buy-side
FCA enforces annual assessment despite concerns around sensitive information and the time frame having been raised.
Interactive Brokers fined £1 million for market abuse failures
Online broker failed to submit any suspicious transaction reports on potential market abuse for a year.
FCA study highlights dark trading cap problems
Dark trading negatively affects the market at 11% and 17% of market turnover, yet MiFID II’s proposed dark pool caps are set at 4% and 8%.
Convicted ex-Schroders trader to pay £350k
Damian Clarke must pay fine within three months or face a further three years in prison.
FCA clarifies limits of MiFID II commission payments regime
FCA’s final rules on MiFID II revealed which services are considered execution-related and a relaxation of RPA management.
FCA to review liquidity management policies
Liquidity management highlighted as a focus for the UK regulator this year.