Company News



FCA: Thematic review of outsourcing in asset management

The FCA have published the findings from our review that assessed whether asset managers are effectively mitigating the risks relating to outsourcing.

http://www.fca.org.uk/news/thematic-reviews/tr13-10-outsourcing-in-the-asset-management-industry



The ECB released the Banking Structures Report

The European Central Bank (ECB) released  the Banking Structures Report, which analyses the main structural developments in the euro area banking sector: the capacity, consolidation and concentration of banks and related changes over time. The report covers the period from 2008 to 2012 and includes indicators for the first half of 2013.

http://www.ecb.europa.eu/press/pr/date/2013/html/pr131104.en.html



RSA shares fall after CEO of Irish division suspended

Shares in RSA Insurance Group have plunged after the company suspended Philip  Smith, chief executive of RSA Ireland, and two other senior executives

http://www.bbc.co.uk/news/business-24895425#



Regulators contact more banks over currency market manipulation

A global investigation into allegations of manipulation in the £3tn-a-day currency markets appeared to be deepening with more banks admitting they were co-operating with regulators and Barclays suspending six of its traders. . .

http://www.theguardian.com/business/2013/nov/01/regulators-contact-banks-currency-manipulation



Barclays Said to Suspend Chief FX Dealer Ashton Amid Probe

Barclays Plc (BARC) has suspended three currency traders, including a chief dealer in London, amid a probe into potential foreign-exchange manipulation, according to a person with knowledge of the decision. . .

http://www.bloomberg.com/news/2013-11-01/barclays-said-to-suspend-chief-fx-dealer-chris-ashton-amid-probe.html