Lawmakers need to clamp down on the use of consulting firms by banks, says New York’s state banking regulator, Benjamin Lawsky. . .

http://www.bbc.co.uk/news/business-23733015# 

The ageing population phenomenon being observed in many countries poses serious social policy challenges. Longevity risk – the risk of paying out on pensions and annuities longer than anticipated – is significant when measured from a financial perspective.

http://www.bis.org/publ/joint31.htm

Bruno Iksil, the former JP Morgan trader whose bets caused more than $6.2bn in losses last year, is now central to any US charges against his former colleagues. . .

http://hereisthecity.com/2013/08/13/london-whale-resurfaces-in-potential-us-jpmorgan-case/

The Prudential Regulation Authority (PRA) has published a consultation paper on changes to its rules required to implement the EU’s Capital Requirements Directive (CRD IV). These changes will affect banks, building societies and those investment firms which are regulated by the PRA. It does not affect insurance firms. . .

http://www.bankofengland.co.uk/publications/Pages/news/2013/097.aspx

The Financial Conduct Authority (FCA) has fined David Davis, senior partner and compliance officer of Paul E Schweder Miller & Co, £70,258, and Vandana Parikh, a broker at the same firm, £45,673, for failing to act with due skill, care and diligence in the period leading up to the illegal manipulation of the closing price of securities traded on the London Stock Exchange (LSE) by Rameshkumar Goenka, a Dubai based private investor, in October 2010.  . .

http://www.fca.org.uk/news/fca-fines-compliance-officer-and-broker