Rabobank Groep faces a fine of more than $440m for Libor rigging as global regulators seek to increase the $2.5bn in penalties already levied in the rate-manipulation scandal. . .

http://hereisthecity.com/2013/02/26/another-firm-faces-libor-fine-of-at-least-440m/

Rajat Gupta, the former Goldman Sachs director convicted of passing tips to his friend Raj Rajaratnam, was ordered to pay the bank more than $6.2m in restitution as a victim of his insider trading. . .

http://hereisthecity.com/2013/02/26/gupta-must-pay-goldman-62-mln-for-fees-spent-in-probe/

The Financial Services Authority (FSA) has fined three Lloyds Banking Group firms a total of £4,315,000 for failings in their systems and controls that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress. The three firms are Lloyds TSB Bank Plc, Lloyds TSB Scotland Plc and Bank of Scotland plc (together, LBG). . .

http://www.fsa.gov.uk/library/communication/pr/2013/017.shtml

The original proposed deadline for entry into force of the draft European Union legislation to update the framework for capital requirements, known as CRD IV1, has now passed. Negotiations between the European Parliament, European Commission and Council of Ministers to finalise the legislation are still underway. . .

http://www.fsa.gov.uk/library/communication/statements/2013/crd-iv-implementation

Three military charities are to share £1.3m from fines imposed on banks that had rigged interest rates, Chancellor George Osborne has announced. . .

http://www.bbc.co.uk/news/uk-21555812#

Senior bankers at Royal Bank of Scotland are in line to share a multimillion-pound bonus windfall, in a move that risks stoking another pay row at the bailed-out bank in the wake of the £390m Libor fine. . .

http://hereisthecity.com/2013/02/18/senior-rbs-bankers-in-line-for-multimillion-pound-share-award/

David Cameron has pressed Royal Bank of Scotland executives to “accelerate” preparations towards allowing a sell-off of the state-owned bank, possibly before the next general election in 2015. . .

http://hereisthecity.com/2013/02/19/david-cameron-hints-at-time-frame-for-rbs-sell-off/

The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), have published an updated version of the IFRS Foundation Due Process Handbook (‘the Handbook’). . .

http://www.ifrs.org/Alerts/Governance/Pages/Trustees-publish-revised-version-of-the-IFRS-Foundation-Due-Process-Handbook.aspx

The Basel Committee on Banking Supervision and the International Organization of Securities Commissions (IOSCO) have today published a second consultative paper which represents a near-final proposal on margin requirements for non-centrally-cleared derivatives. . .

http://www.bis.org/publ/bcbs242.htm