Over £165 billion of assets invested in pensions and other large funds are transferred between investment managers, markets and products every year – potentially affecting the returns enjoyed by millions of consumers on their investments – by 13 specialist transition management (TM) providers. Following the Financial Conduct Authority’s (FCA) first review of the sector, firms have today been advised to ensure that their controls, oversight and governance arrangements meet our requirements in all areas. . .

http://www.fca.org.uk/news/transition-management-findings

An emergency measure that was credited with stabilising the euro has been referred to Europe’s top court. . .

http://www.bbc.co.uk/news/business-26080410#

Investigations have been launched after a report that thousands of confidential  files with Barclays Bank customers details had been stolen and sold. . .

http://www.bbc.co.uk/news/uk-26106138#

The monthly report incorporates results of surveys from the CBI, the Bank of  England’s Agents and data from business information providers, Markit. . .

http://www.bbc.co.uk/news/business-26110928#

When Europe’s leaders set out in June 2012 to break the “vicious circle” between banks and sovereigns, they left rules for treating government bonds untouched, an oversight that may subvert their drive to prevent a recurrence of the debt crisis. . .

http://www.bloomberg.com/news/2014-02-10/eu-banks-risk-free-debt-addiction-threatens-ecb-led-overhaul.html