The report identifies and assesses differences and gaps in regulatory approaches to point of sale (POS) disclosure for investment and savings products across the insurance, banking and securities sectors, and considers whether the approaches need to be further aligned across sectors. It sets out eight recommendations, for use mainly by policymakers and supervisors to assist them in considering, developing or modifying their POS disclosure regulations. . .

http://www.bis.org/publ/joint35.htm

The boss of Barclays, Antony Jenkins, says he understands the public’s concern  about bankers pay but that levels of pay need to be competitive . . .

http://www.bbc.co.uk/news/business-27361164#

Mario Draghi may need to take action to stop money-market investors getting ahead of themselves. . .

http://www.bloomberg.com/news/2014-05-05/draghi-grapples-with-money-markets-signaling-recovery-too-early.html

Investment bank profits fell 49% to £668m in the first three months of the year because of what the bank described as difficult trading conditions . . .

http://www.theguardian.com/business/2014/may/06/barclays-profits-dragged-down-investment-bank

Three former employees of Barclays have been charged in connection with the  alleged manipulation of the London Interbank Offered Rate (Libor) . . .

http://www.bbc.co.uk/news/business-27190059#

The most-radical policy decision of Mario Draghi’s 2 1/2 years so far at the helm of the European Central Bank could hinge on a single piece of data.

http://www.bloomberg.com/news/2014-04-27/draghi-awaits-pivotal-price-data-that-could-spur-action.html

Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain’s Financial Conduct Authority visiting Societe Generale SA (GLE) to observe the so-called London fixing process, two people with knowledge of the matter said.

http://www.bloomberg.com/news/2014-04-24/fca-said-to-observe-banks-london-gold-fixing-calls.html

http://www.foxbusiness.com/industries/2014/04/24/ex-kpmg-partner-sentenced-for-insider-trading/?intcmp=fbtopstories

Bank of America’s second-quarter earnings outlook just got a lot worse thanks to a potentially huge litigation bill, according to analyst Dick Bove. . .

http://hereisthecity.com/en-gb/2014/04/26/dick-bove-has-bad-news-on-bank-of-america-earnings/

Let’s get this right. The government thinks the EU bonus cap is barking mad because its imposition will heighten financial instability. Banks will merely whack up base salaries, thereby inflating their fixed costs and creating bigger risks, especially during a crisis. This analysis is shared by the Bank of England. And the government feels so strongly that it is fighting the cap in the European courts. . .

http://www.theguardian.com/business/nils-pratley-on-finance/2014/apr/25/bonus-cap-treasury-rbs-pay