fca

UK: the strategic objective of the Financial Conduct Authority

Robert Goddard
March 02, 2012 15:02

The Financial Services Bill continues to be debated at Committee Stage in the House of Commons. One of the amendments considered yesterday by the Committee concerned the strategic objective of the new Financial Conduct Authority. The Bill as introduced to Parliament provides, in clause 5, that the...

UK: financial regulation - early intervention and the Financial Conduct Authority

Robert Goddard
February 24, 2012 00:00

In a speech delivered yesterday, Tracey McDermott, the acting director of the Enforcement and Financial Crime Division at the Financial Services Authority, gave some examples of how the new Financial Conduct Authority would exercise its early intervention powers: see here. More specifically, she...

Whistleblowers Risked Careers for Mortgage Settlement

February 09, 2012 18:27

Chalk up another top news story to the whistleblowers. Today, federal and state officials announced a $25 billion landmark settlement with the America's five largest mortgage servicers, an agreement that would not be possible without contributions from employees who first exposed the banks'...

UK: pre-legislative scrutiny of the Financial Services Bill - the FSA's submission to the Joint Select Committee

Robert Goddard
September 23, 2011 13:42

The Financial Services Authority has published the memorandum it has sent to the Joint Select Committee on the Financial Services Bill, following the Committee's call for evidence in respect of its pre-legislative scrutiny of the Bill. The FSA welcomes much that is in the Bill but highlights...

Fourth Circuit again saves False Claims Act from ACLU

Richard Renner
July 14, 2011 16:28

Yesterday, the Fourth Circuit U.S. Court of Appeals in Richmond, Virginia, overruled a petition for rehearing filed by the American Civil Liberties Union (ACLU), OMB Watch, and the Government Accountability Project (GAP). By rejecting the petition for rehearing, the Fourth Circuit again saved...