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Can pay, will payRegulated firms and individuals in the UK will no longer be able to turn to insurance payouts to cover them in the event of any wrongdoing they may commit in the markets. Financial Services Authority (FSA) has issued new rules intended to ensure that anyone who is fined by the regulator must pay the fine himself rather than claim it under insurance....

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“The banks are investors too. I can’t favour investors with inside information – that’s basically what this is.”

TAM's treasurer voices frustration with Brazil’s new derivatives registration initiative.