Deutsche Bank AG (DBK) Co-Chief Executive Anshu Jain, whose company is the world’s biggest trader of currencies, said allegations that traders rigged those markets have further eroded trust in the financial industry.  . .

http://www.bloomberg.com/news/2013-10-12/deutsche-bank-s-jain-says-fx-allegations-eroding-trust.html

Considering the size and importance of this market and the need to ensure that customers’ pensions and investments are protected, we wanted to check that firms were meeting our standards and treating customers fairly. . .

http://www.fca.org.uk/news/tr13-8-the-governance-of-unit-linked-funds

The Financial Conduct Authority (FCA) has said it could fine banks who mis-sold complex loan insurance products. . .

http://www.bbc.co.uk/news/business-24462118#

The signing of a tax information-sharing agreement with the Isle of Man is a “momentous step forward in tax transparency,” George Osborne has said. . .

http://www.bbc.co.uk/news/uk-24519158#

The bank will attempt to dismiss a £70m legal claim over complex interest rate   hedging products it sold to Guardian Care Homes  . . .

http://www.telegraph.co.uk/finance/libor-scandal/10375328/Barclays-appeal-aims-to-dismiss-Libor-link-case.html

The FCA have issued a consultation paper on amendments to their handbook on CRD.  Comments and responses are due by 10 November 2013.

http://www.fca.org.uk/news/cp13-12-crd-iv-for-investment-firms

You can read the full document at the link below.

http://www.ecb.europa.eu/pub/pdf/scpops/ecbocp152.pdf

In addition to revamping existing rules for bank capital, Basel III introduces a new global framework for liquidity regulation. One part of this framework is the liquidity coverage ratio (LCR), which requires banks to hold sufficient high-quality liquid assets to survive a 30-day period of market stress. . .

http://www.bis.org/publ/work432.htm

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon stepped down as chairman of the lender’s main bank subsidiary at the start of July, according to a person briefed on the move.

http://www.bloomberg.com/news/2013-10-04/jpmorgan-s-dimon-said-to-relinquish-chairman-role-at-bank-unit.html

The CEO of Moody’s ruled out the chance of a U.S. government default, even if an agreement over raising the debt ceiling is not achieved by October. . .

http://hereisthecity.com/2013/10/07/moodys-ceo-us-default-extremely-unlikely/