Mr Bailey said the FCA planned to consult next year on new rules to address the problems it had found. 'Based on our findings to date, we believe it is necessary to strengthen investor protection in a number of areas. The FCA's current rules came into force in April 2014. This would also include tougher rules around how much information platforms must give to investors and what kinds of marketing or promotions they're allowed to run.
For May, sticking to her timetable is crucial, and forcing parliament to approve her plan reduces the impact of a legal case over whether the government needs parliament's assent to invoke Article 50 rather than just a cabinet decision. Senior lawyers also spoke today as to whether ministers in Westminster may trigger article 50 without consulting the Scottish Parliament or Northern Ireland Assembly.
The bank will make no statement or update to its forecast in conjunction with the Wednesday announcement. The divergence in monetary policy between the two economies looked set to play out over 2016. "For Canada, this is likely to translate into a firmer year for growth in 2017 and will likely result in the Bank maintaining the overnight rate at 0.5 per cent throughout the year".
Iran's arch-rival Saudi Arabia agreed to the largest production cuts, chopping almost half a million barrels from its current 10.5-million-barrel daily output. But the latest oil rally helps USA producers, too. Dominic Rossi, of Fidelity International, said the deal may not hold: "I would not get too excited by the Opec cut".
He told German news agency dpa: "Italy voted on a reform". President Mattarella, whose options for Renzi's successor include the Minister of Economy and Finances Pier Carlo Padoan or the President of the Senate Pietro Grasso is reportedly against calling a new election until the voting system is clarified.
The 52-week range of the share price is from $1.08 - $7.14. Company net profit margin stands at 12.50%. Shares were up 2.2% to 43.12 Tuesday. The Stock had a 1.55 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.52 and 1.58 respectively.