From the FSA wesbite:  ‘In Consultation Paper (CP) 12/31, Removing the Simplified ILAS BIPRU Firm Automatic Scalar and Other Minor Changes to BIPRU 12, published in November 2012, we consulted on three different areas of liquidity policy: the simplified ILAS BIPRU firm automatic scalar, the BIPRU 12.7 liquid assets buffer eligibility restrictions and the SUP 16 annex 25 reporting guidance. . . ‘

http://www.fsa.gov.uk/library/policy/policy/2013/13-01.shtml

A senior Barclays executive has left the firm amid allegations he attempted to suppress an unflattering report into practices at the unit, it has emerged.

Andrew Tinney, chief operating officer of the bank’s wealth management division – Barclays Wealth – stepped down last week. . .

http://www.bbc.co.uk/news/business-21118708#

Royal Bank of Scotland will face pressure to further shrink its investment bank should an investigation into interest rate rigging show cultural failings persist in the business, political and industry sources have said.

The part-nationalised bank is expected to be fined between 400 million and 500 million pounds for its role in the manipulation of the London interbank offered rate (Libor) and other global benchmark rates. . .

http://uk.reuters.com/article/2013/01/18/uk-rbs-libor-idUKBRE90H0S820130118

JPMorgan Chase & Co. (JPM), the biggest U.S. bank by assets, plans to consolidate its electronic trading system for corporate bonds with other asset classes in the early part of this year as lenders seek to adapt to regulatory changes and reduce costs.

“We’re trying to figure out how our customers would like to execute,” Scott Wacker, the London-based head of FX Sales EMEA at JPMorgan, said today in a telephone interview. “Our target is the end of the first quarter, maybe into the second quarter that we intend to start to offer the ability to execute online for fixed-income products.” . . .

http://www.bloomberg.com/news/2013-01-18/jpmorgan-plans-to-start-electronic-corporate-bond-trading-system.html

Banks should defer bonus payouts for staff for as long as 10 years to improve ‘prudence’ in remuneration.

http://hereisthecity.com/2013/01/22/banks-should-defer-bonuses-for-10-years/