FCA releases April regulation round-up

April's regulation round-up from the UK's Financial Conduct Authority (FCA) includes a statement from Director of Supervision - investment, wholesale, & specialists, Tracey McDermott explaining the new supervision structure.

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FCA Charges Three with Insider Trading

As part of an investigation by the Financial Conduct Authority (FCA) Manjeet Singh Mohal , Reshim Birk and Surinder Pal Singh Sappal all of Southall, Middlesex appeared before Westminster Magistrates’ court in respect of offences of insider dealing, contrary to Sections 52(1) and 52(2)(b) of the Criminal Justice Act 1993.

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FCA fines Deutsche Bank $2.5 billion

The Financial Conduct Authority (FCA) has handed Deutsche Bank AG (Deutsche Bank) a £227 million ($340 million) fine, its largest ever for LIBOR and EURIBOR-related (collectively known as IBOR) misconduct. The fine is so large because Deutsche Bank also misled the regulator, which could have hampered its investigation.

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FCA fines Merrill Lynch International for transaction reporting failures

The Financial Conduct Authority (FCA) fines Merrill Lynch International £13,285,900 for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014. The fine is the largest to date from the FCA for transaction reporting failures.

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FCA fines Clydesdale Bank $30 Million

Georgina Philippou, acting director of enforcement and market oversight at the FCA said:

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