02/07/2025
Lords report concludes that naming and shaming is not the way to regulate
Respondents to the Committee’s Call for Evidence pointed to the lack of evidence provided by the FCA to justify the shift.
Legal, Regulation & Compliance
02/07/2025
The EBA issues an Opinion in response to the European Commission’s proposed amendments to the EBA draft technical standards on conflicts of interests for issuers of asset-referenced tokens
The EBA agrees with the substantive changes proposed by the EC, which favour proportionality, as well as with the other amendments which are considered non-substantives.
02/07/2025
Reaction as Bank of England cuts base rate to 4.5%
The uncertainty for the BoE has been exacerbated by potential impacts from last October’s Budget as well as unreliable labour market data from the ONS.
02/07/2025
FCA statement on Blackmore Bonds complaints
Investors asked the FCA to pay compensation and start a criminal investigation into Blackmore.
02/07/2025
HMRC late payment interest rates to be revised after Bank of England lowers base rate
HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.5%.
02/07/2025
Fos to charge CMCs to refer cases from April
The changes have been made because the Fos found representatives were responsible for around 47 per cent of cases between April and December 2024.
02/06/2025
Unforeseen consequences: How far reaching will US tariffs be?
Experts at SJP explore the potential long-term ramifications of the latest in protectionist measures.
02/06/2025
The EBA publishes its draft final technical standards on reporting of data on charges for credit transfers and payments accounts, and shares of rejected transactions
The reported data will help to ensure consumers benefit from access to instant credit transfers, and that the latter are no longer more expensive than regular credit transfers.
02/05/2025
IQ-EQ acquires Agama Group, gaining regulatory compliance service offering in continental Europe
Agama Group provides essential regulatory compliance, internal control and operations support to asset managers
02/05/2025
Culture is contagious
Speech by Emily Shepperd, chief operating officer, at the 10th Annual Culture and Conduct in Financial Services Summit.
02/05/2025
The benefits of enhancing data capture go beyond compliance
Data plays a more significant role in everyday life than ever before.
02/04/2025
Supplementary report on the FCA’s ‘poor performance’ released
Additionally, it included the testimony of many stakeholders who had interacted with the FCA, including scam victims and FCA employees, past and present.
02/04/2025
FCA confiscates over £500,000 from convicted insider dealer
The order must be paid within 3 months, or Mr Zina will face a further 5 years in prison.
02/03/2025
FCA secures confiscation order against convicted fraudster
The fraudulent investment scheme operated by Mr Flintham took £19m from over 240 investors.
02/03/2025
FCA sets out further proposals to support growing business and investment opportunities
This would reduce costs and barriers for companies raising capital and give investors the information they need to make an informed decision.
02/03/2025
Europe ‘can’t cope’ with extreme weather costs, warns insurance watchdog
EU regulator Hielkema says governments and banks will struggle to pay for natural disasters
02/03/2025
PRA Regulatory Digest - January 2025
The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
02/03/2025
PIMFA calls for an ambitious and assertive approach in modernising the redress system
The trade association urges the FCA to reconsider the role of FOS, and explore consolidating the regulatory regime for CMCs
01/31/2025
ECB cuts rates to 2.75% in attempt to breathe life into flatlining economy
The ECB expects inflation will drop closer to its 2% target throughout the year, with some members even concerned that price pressures could see it fall below this goal.
01/31/2025
Schroders’ UK pension scheme commits to running-on and harnessing DB surplus for DC contributions
These guardrails encompass regular funding level and covenant checks, as well as a mechanism to recoup contributions should the DB section’s funding level deteriorate.