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.
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.
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.
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.