10/17/2018
Major life-threatening cyber attack on UK ‘in little doubt’
Behind these high profile attacks there are the millions of online crimes that affect individuals every day.
Legal, Regulation & Compliance
10/17/2018
FCA admits adviser directory risks
The creation of the directory is also aimed at meeting the recommendations of the Work & Pensions select committee
10/17/2018
Government blunder dooms pension dashboard
The government officials also don't know what would be the bill of setting up a system - or adapting the existing ones - to be able to migrate the state pension data into the dashboard.
10/17/2018
Who is subject to financial sanctions in the UK?
The Office of Financial Sanctions Implementation publishes a list of all those subject to financial sanctions imposed by the UK which it keeps updated.
10/17/2018
Trust and ethics – a regulator’s perspective
Speech by Andrew Bailey, Chief Executive of the FCA, delivered at the launch of the St Mary’s University School of Business and Society, London.
10/17/2018
FCA promises to weed out sexual harassers
As part of this scope, Ms Butler said the FCA will continue to enforce individual accountability within the industry and assess whether senior staff are "fit and proper" to fulfil their roles.
10/17/2018
FCA to increase Fos compensation limit to £350k
The changes will mean that SMEs with an annual turnover below £6.5m and fewer than 50 employees, or an annual balance sheet below £5m will now be able to refer unresolved complaints to the ombudsman service.
10/16/2018
Two arrested in tax planning probe
Two people were arrested in connection to the investigation but have been released under investigation.
10/16/2018
Fair funding for farmers across all parts of the UK
Independent panel will look at how funding supports the needs of England, Scotland, Wales and Northern Ireland
10/16/2018
Domestic farm support funding: reviewing distribution across the UK from 2020 to the end of the parliament
Review to work out how to make sure that funding for domestic farm support is fairly allocated across the UK between 2020 and 2022.
10/16/2018
Global Forum publishes compliance ratings on tax transparency for further seven jurisdictions
These reports assess jurisdictions against the updated standard which incorporates beneficial ownership information of all relevant legal entities and arrangements, in line with the definition used by the Financial Action Task Force Recommendations.
10/16/2018
Sustainable finance
The EU is examining how to integrate sustainability considerations into its financial policy framework in order to mobilise finance for sustainable growth.
10/16/2018
Scottish Widows awards £30bn fund contract to BlackRock
The decision was taken due to competition issues triggered by Aberdeen’s merger with Standard Life in August 2017, leading to the creation of Standard Life Aberdeen (SLA).
10/16/2018
PRA consults on its expectations for the management of financial risks from climate change
Climate change and society’s response to it presents financial risks that are relevant to the PRA’s objectives of safety and soundness.
10/16/2018
FCA opens a discussion on the impact of climate change and green finance on financial services
The Financial Conduct Authority (FCA) has today published a Discussion Paper on climate change and green finance.
10/16/2018
Ogier ranked tenth across European law firms on M&A deal value
"Our teams also include lawyers with significant recent onshore experience who are very familiar with the way that City firms operate."
10/16/2018
PIMFA raises concerns over proposed extension of FOS award limit
The proposed increase will see levels rise from £150,000 to £350,000 and the trade association highlighted concerns about the potential impacts that the rise could have on the competitiveness of the market and the advice gap.
10/16/2018
Why Credit Suisse Was Ordered to Pay Ex-Broker Almost $1 Million
Those advisors claim Credit Suisse withheld money owed to them, reports InvestmentNews.
10/16/2018
FCA confirms more access to FOS as compensation limit raised
Under the ‘near-final’ rules published today around 210,000 additional UK SMEs will be eligible to complain to the ombudsman service.
10/15/2018
City braced for more departures
The Bank of England warned last week against the bloc using derivatives as a Brexit bargaining tool, risking financial stability.