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The government has once again turned down a request from an MP for an independent investigation into the Arch Cru collapse.
The FSCS is unlikely to recoup compensation costs from Keydata-backer Lifemark after it moved a step closer to administration, with its provisional adminstrator declaring it is unable to restructure it.
The Financial Services Authority's judgement-based, twin peaks system must be embraced by the industry and lead to behavioural and cultural changes in both firms and regulators, according to Hector Sants.
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Last year's promised changes to regulation - which have long been going on in the background - gripped financial services publicly.
The losses of $2bn incurred by an allegedly rogue trader on the Delta One desk at UBS have again raised the subject of the (lack of) risk controls by banks dealing in opaque instruments, the need to separate investment and retail banking and the risks inherent in ETFs, says Terry Smith, chief executive of Fundsmith.
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