Firms that fail to put processes in place to meet the requirements of MiFID II now will undoubtedly feel the strain - both financially and operationally - in the near future, warns Matt Riordan

Futures markets had predicted 3% opening fall

The UK will narrowly escape a triple-dip recession with economic growth for Q1 forecast to be 0.1%, acccording to the National Institute of Economic and Social Research(NIESR).

AUTUMN STATEMENT

As Chancellor George Osborne prepares to deliver his Autumn Statement on Wednesday, we look at some of the main measures he may announce.

A care home group is suing Barclays for £37m over the rigging of LIBOR in a landmark case which could force the bank to disclose the names of managers involved in the scandal.

Financial services firms have warned the cost of complying with regulations after the Financial Services Authority is split next year could rise by 20%, according to a survey by consulting firm Protiviti.

The UK insurance industry is urging the FSA to push ahead with some parts of the Solvency II regime at the start of 2013, despite the fact the rest of the continent is likely to delay until 2014.

The middle classes should pay the first £35,000 of their old age care and be encouraged to take out insurance to cover costs, according to reports.

New cases for the Financial Ombudsman Service(FOS) soared by 26% in the year to March 31 2011, driven by a record number of complaints about PPI mis-selling.