Company News



Swiss authorities investigate potential manipulation of £3tn currency markets

Swiss regulators are investigating a number of financial firms over the potential manipulation of currency markets, where £3tn changes hands every day. . .

http://www.theguardian.com/business/2013/oct/04/switzerland-foreign-exchange-manipulation-currency-markets-banks



News Release – A framework for stress testing the UK banking system – discussion paper

A discussion paper published today sets out proposals for annual, concurrent stress tests of the UK banking system. Its aim is to elicit feedback from interested parties to help inform FPC and PRA Board decisions over the ultimate design of the stress tests.  . .

http://www.bankofengland.co.uk/publications/Pages/news/2013/116.aspx



The FCA censures Catalyst Investment Group Limited for misleading investors and fines former compliance officer

Catalyst offered bonds issued by Luxembourg-based ARM to investment intermediaries and independent financial advisers (IFAs) in the UK, who in turn promoted and sold them to retail investors. ARM applied for a licence to issue the bonds from the Luxembourg financial regulator, the CSSF. . .

http://www.fca.org.uk/news/catalyst-investment-group-limited



Bank Secrets Exposed in EU Credit-Derivatives Investigation

European Union regulators inadvertently sent confidential data to 13 of the world’s biggest lenders as part of an antitrust complaint in an investigation of the credit derivatives industry.  . .

http://www.bloomberg.com/news/2013-09-30/bank-secrets-exposed-in-eu-s-credit-derivatives-antitrust-probe.html



Companies ready to splash the cash as appetite for risk returns, says Deloitte

The appetite for risk among Britain’s big businesses is at its highest since before the financial crisis and companies are finally ready to start spending their cash piles, according to the latest upbeat survey on the UK economy. . . .

http://www.theguardian.com/business/2013/sep/30/companies-cash-reserves-risk-deloitte-survey