07/01/2022
The blog states that if the FOS believes a business has treated a customer unfairly or made a mistake, then it will ask the business to put things right, usually by putting the customer back to the position they would have been in if the problem had not o
07/01/2022
The panel’s formation follows Sesame Bankhall Group’s ‘Protection Pledge’ adviser campaign, which attempts to commit advisers to talk about the need for protection with every client.
07/01/2022
FINMA on Friday said the bank had since stabilised its financial situation
07/01/2022
As a result, fully remote hearings could be live streamed with the permission of the court. However, these provisions did not apply to hybrid hearings.
07/01/2022
With this approach there is far more room for discourse and nuance.
07/01/2022
The FCA sought orders to stop the activities continuing, to freeze up to £1.3m in assets, declarations of breaches and the return of money to victims.
07/01/2022
This new Consumer Duty expects firms to not just prevent harm, but to show that they are actively trying to meet their customers’ needs – in product design, in how products are described and sold and in post-sale customer service.
07/01/2022
Bilateral trade is expected to grow by up to 30% thanks to this deal, with EU annual exports potentially growing by up to €4.5 billion.
06/30/2022
As a result, the financial management of charities is likely to be the subject of intensified public and media attention as society faces “one of the toughest economic climates in a generation”.
06/30/2022
Pencheva said: “This requirement is a quasi-‘change in control’ process for cryptoasset firms."
06/30/2022
The loan will be supported by grant funds from the EU Investment Facility for Central Asia under the Regional Small Business Programme for Central Asia.
06/30/2022
Lenders relying on intermediaries should have “clear policies” and be able to evidence the due diligence carried out at the outset of any relationship, the FCA said.
06/30/2022
The new team will be bringing over 80 combined years of legal and marketing experience to the table as well as fresh, new ideas on the direction of WSP Solicitors work in the county.
06/30/2022
Consumer group accuses banks of too often placing the blame on clients over frauds when they are not at fault
06/29/2022
At a time of rising consumer indebtedness, removing any affordability criteria is not a move to be applauded.
06/29/2022
The new mark covers most goods which previously required the ‘CE’ marking and reverse epsilon markings that are applied to products in the European Union.
06/29/2022
The reform, one of the most controversial aspects of the BSA, will require businesses in the construction industry to review their positions under the new regime.
06/29/2022
Rainbird explained that a key priority for FSCS is reducing instances of consumer harm, arguing that it is impossible to ignore the part that financial advice plays in it.
06/29/2022
Mixed feedback on UK green bond standard
06/28/2022
The City watchdog said the firm has the right to make written or oral representations to the FCA on the first supervisory notice and the right to make a reference to the upper tribunal.