FCA promises ‘tough’ action on Libor rule-breakers

FCA promises ‘tough’ action on Libor rule-breakers
 

Banks are facing fresh scrutiny over the Libor-rigging scandal after the City watchdog, which is under fire for its handling of an inquiry into the insurance sector, pledged to take tough action against firms that break its rules.
The Financial Conduct Authority (FCA) will also be looking for conflicts of interest in the investment banking arena and will visit the UK’s top five payday lenders to make sure vulnerable customers were protected.
The regulator outlined its plans for the coming year as it announced a 3.3 per cent rise in its annual budget to £446.4 million as it takes on wider... read more

 
1 April 2014 in Business, Views: 36
Source: Scotsman
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