libor rate ubs charges
Discussion
BOR said:
Our FSA is one old man and a toothless dog and the Conservative Party receives 50% of its funding from bankscum.
Bought and paid for.
similar to the unions funding labour then.Bought and paid for.
Doogs said:
that suggests we do the same but we dont seem to hear/read as much of our actions compared to the yanks.loafer123 said:
Er...the FSA did get a share of the fine...over £150m if I recall.
Fines are now taken by HM Treasury from FSA. Previously FSA would keep the fine to help pay its running costs and reduce the following years fees to all other institutions, HMT saw a decent revenue stream and took it instead.In the main the FSA dont have the resources to be able to track massive amounts of trades and data in the way the US can, and when any investigation involves USD, the US authorities basically take over and lead.
edited for spelling
Edited by djstevec on Thursday 20th December 13:10
loafer123 said:
Er...the FSA did get a share of the fine...over £150m if I recall.
160http://www.fsa.gov.uk/static/pubs/final/ubs.pdf
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