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Clearing and settlement in the Turner Review

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • March 30 2009

Many of the developments in clearing over the last month have been focused on the clearing of OTC derivatives

FSA enforcement

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • January 4 2010

The FSA has fined Toronto Dominion Bank (London Branch) £7m for systems and controls breaches in relation to the pricing of certain sophisticated and often illiquid derivative products by a proprietary trader

FSA enforcement

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • November 30 2009

Nomura International Plc ("Nomura") has been fined £1.75 million for breaches of Principles 2 and 3 of the FSA’s Principles for Businesses