FSA amendments to "Financial crime: a guide for firms"

The FSA has published two final guidelines as follows:

  • FG12/20- anti-bribery and corruption systems and controls; and
  • FG12/21 - banks' defences against financial crime.

The finalised guidance follows the FSA's thematic reviews into these areas and updates the FSA's guide "Financial crime: a guide for firms", updated versions of which have also been published:

MAD 2: second Presidency compromise text published

The Council of the European Union has published the text of the secondary Presidency compromise text in respect of the proposal for a Directive of the European Parliament and of the Council on criminal sanctions for insider dealing and market manipulation (MAD 2). It should be noted that, although the text of the Presidency compromise was agreed on 18 October 2012, it has only been published recently.