The CISI has accused the Government of draining the global talent pool with its cap on visas for skilled non-EU workers.

A leading figure at the FCA has admitted that regulation and fear of risk can come at the cost of stifling improvements in the industry, as a system for trialling new products was launched today.

FCA acting chief executive Tracey McDermott has urged an end to what she calls an “adversial” approach to regulation.

A jailed former hedge fund boss who was convicted of a range of fraud offences which led to clients losing about £350m has been banned today.

Four FCA requirements are set to be binned after the regulator said they were ‘ineffective’.

A leading figure in promoting social media compliance in the finance sector has warned that new rules on making senior managers more accountable could have a “devastating impact”.

MPs have called for the Government to act rapidly to avoid “the next major pensions mis-selling scandal” as they criticised the failure to get the pension freedoms working sufficiently and a lack of information about Pension Wise.

Rules originally designed to force bank bosses to take responsibility for misconduct through handing them fines and punishments look set to be extended across the whole finance sector – including advice firms – it has been announced this morning.

FinaMetrica has this morning published data which it said highlights men’s hunger for risk is not much greater than women’s.

The FCA has been told to adopt a communications approach which steers clear of “sensational headlines where possible”.