Rio Tinto

19 October, 2017

Ex-Rio Tinto CEO and CFO charged with fraud over ‘inflated’ asset values

The former CEO and CFO of Rio Tinto have been charged with fraud by the US Securities and Exchange Commission (SEC), after allegedly inflating the value of its ill-fated Mozambique coal mine acquisiti...
Andrew Bailey, FCA

13 October, 2017

FCA chief: ‘Sovereign-owned’ listing rules will meet highest standards

Creating a new premium listing category to deal with sovereign-owned companies would maintain a high level of governance, while avoiding a situation in which they list on a lighter-governed platform, ...

5 October, 2017

Investigation into PwC’s client asset reporting at Barclays closes

Accountancy’s watchdog has closed a three-year investigation into Barclays’ auditor PwC, after deciding there was “not a realistic prospect” of winning a tribunal. The Financial Reporting C...

28 July, 2017

Barclays CEO’s whistleblower hunt ‘completely inexcusable’

A former head of investigations oversight at Barclays has described the behaviour of the bank's chief executive Jes Staley towards a whistleblower as "completely inexcusable". Dino Bossi, now a fou...
Corporate crime, businessman behind bars, criminal law

10 July, 2017

Is business becoming criminalised?

Following the financial crisis of 2008, companies and their management in the UK work in a new regulatory landscape. Criminal law is increasingly used to regulate business; and prosecutors, regulators...
Jes Staley, Barclays CEO

11 April, 2017

Barclays’ CEO reprimanded over whistleblower actions

Barclays' chief executive Jes Staley has been reprimanded by the company's board after it discovered he had attempted to uncover the identity of a whistleblower within the bank. There are now inves...
IPO, IPO reform

1 March, 2017

Reforms mooted for UK IPO process

The Financial Conduct Authority (FCA) has proposed reforms to improve the timing, sequencing and quality of information in the UK's initial public offering (IPO) process. In its consultation paper...
City of London, financial markets, ftse100, corporate governance

28 February, 2017

Financial regulator seeks to review UK capital markets

[caption id="attachment_2202" align="alignleft" width="300"]

23 October, 2015

Senior managers’ regime expanded

The UK Treasury has announced that the new senior managers' regime will be extended from banks to all financial services firms by 2018. The move will include insurers, asset managers and all investmen...

14 May, 2015

SFO faces calls to changes in investigations method

Investigations confronting the Serious Fraud Office (SFO) could be better managed using a model similar to the one used by the Financial Conduct Authority (FCA), according to a specialist law firm. ...