Overview

Stephenson Harwood's regular round-up of news, speeches and publications on financial services regulation and enforcement in the UK

Contents:
- Treasury Committee announces banking crisis inquiry evidence sessions on hedge funds, auditors and credit rating agencies
- European Commission announces the establishment of the Payment Systems Market Expert Group
- Basel Committee on Banking Supervision consults on principles for sound stress testing
- Department for Business Enterprise & Regulatory Reform is advised by Law Commission on private right of redress for unfair commercial practices
- OFT publishes updated statement of consumer protection enforcement principles
- The FSA sets out its interpretation of the Unfair Terms in Consumer Contracts Regulations 1999
- The FSA reminds advisers to consider pension reforms when advising clients
- OFT and the FSA agree revised concordat on UTCCRs and Enterprise Act 2002
- The FSA proposes to introduce faster Financial Services Compensation Scheme (FSCS) payouts for depositors and increase consumer awareness of the FSCS
- The FSA publishes interim findings from Conduct of Business Sourcebook Post-Implementation Review
- The FSA fines experienced private investor for market abuse
- The FSA welcomes proposed new statutory powers to grant immunity to witnesses in criminal cases
- Aon Limited is fined £5.25 million by the FSA for serious failings in anti-bribery and corruption systems and controls
- The FSA brings its fourth criminal prosecution for insider dealing

To read more, click 'View Briefing'