08/01/2023
In addition, they aim at providing quality data to supervisors to monitor institutions’ IRBB risk and the implementation of the policy package published by the EBA in October 2022.
08/01/2023
The new rules, known as the Consumer Duty, set a higher standard of consumer protection in financial services.
08/01/2023
Over the last six years the firm has averaged an annual increase of 6% in revenue and a 12% increase in profit.
08/01/2023
The claims are mainly mortgage endowment advice related.
08/01/2023
The duty requires financial firms to act in good faith, avoid foreseeable harm and enable and support their customers to achieve their financial objectives.
07/31/2023
The FCA will now contact the identified victims of Richard Faithfull’s offending to provide further information.
07/31/2023
The stress test assumed a static balance sheet based on the 2022 financial year and therefore did not take account of any current or future business strategies and management initiatives.
07/31/2023
There has also been significant variance between firms, with smaller firms offering higher interest rates on average than their larger competitors.
07/31/2023
The next FCA board meeting is scheduled for 28 September 2023.
07/31/2023
The law will nevertheless make significant changes to the relationship between UK law and retained EU law
07/31/2023
This appointment would be held on a confidential, without prejudice basis and the judge conducting it would have no further involvement in the case if it did not settle after the appointment.
07/28/2023
The regulators carefully considered the responses received to their consultation.
07/28/2023
Complaints made prior to this date will be considered under the existing scheme.
07/28/2023
The FCA states it intends to make changes to other application forms once the work on Form A is complete
07/28/2023
General meeting set for 21 August 2023
07/28/2023
When it is complete, the adviser will write to the individual if the advice was suitable or not.
07/28/2023
HM Treasury and Monetary Authority of Singapore joint statement on the eighth meeting of the UK-Singapore Financial Dialogue.
07/27/2023
The regulator’s findings come only days away from the introduction of the Consumer Duty.
07/27/2023
In such a case, the capital gain would be subject to a 1.2% effective tax (resulting from the application of the 24% CIT ordinary rate on a taxable income equal to 5% of the capital gain).
07/27/2023
Estimated cost to taxpayers has increased sharply as interest rates have risen