After the forex fine

After the forex fine

clock • 2 min read

Earlier this month, the FCA slapped five banks with a £1.1bn fine for rigging forex trades.

Channel 4’s seasoned economics editor Paul Mason promptly declared he was “sick” of standing outside RBS headquarters because the banks had broken the rules once again. As he noted, RBS security were quick to try to move him on, but far less alert to what was going on inside. More than 170,000 viewers have watched Mason’s impassioned rant. But he is not the only one responding to the scandal. Bank of England Governor Mark Carney said bankers’ salaries, as well as their bonuses, could be clawed back. Meanwhile, the Treasury Select Committee has published its latest report on impleme...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

Open-ended structures 'have to work'

Valeria Martinez
clock 01 December 2023 • 2 min read
M&G launches full PruFund range on Wealth platform

M&G launches full PruFund range on Wealth platform

‘Greater flexibility and wider choice’

Valeria Martinez
clock 22 May 2023 • 1 min read
Brewin Dolphin attracts record fund inflows amid strong performance

Brewin Dolphin attracts record fund inflows amid strong performance

Wealth manager drew in £4bn of capital in the year to the end of September

Pedro Gonçalves
clock 24 November 2021 • 2 min read
Trustpilot