07/21/2022
'We need to strengthen our analysis': FCA inaugural climate disclosure report
Targets 90% Scope 3 reduction
Legal, Regulation & Compliance
07/21/2022
Financial Services Bill to unlock growth and investment across the UK
Legislation to enhance the competitiveness of the UK financial services sector and unlock tens of billions of pounds of investment across the economy was introduced to Parliament today
07/21/2022
Government and leading businesses join forces to help households with cost of living
Cost of Living Business Tsar and former Just Eat boss David Buttress agrees deals and discounts with major UK businesses to form part of Help for Household campaign.
07/21/2022
UK Data Protection and Digital Information Bill: in detail
The Data Protection and Digital Information Bill, introduced into parliament on Monday, is the product of a major consultation the government held last year on reforming the UK GDPR and other privacy legislation that has its origins in EU law.
07/21/2022
The Bank of England, PRA and FCA set out potential measures to oversee critical third parties in a move to increase resilience of the financial sector
The potential measures included in the discussion paper published today aim to mitigate this risk.
07/20/2022
When ‘white space’ disclosure can help the taxpayer
In the case in question the taxpayers, acting through their agent, were found to have been careless in completing the tax returns despite disclosure in the white space on the returns.
07/20/2022
The World’s Most Powerful Passports have the Least Travel Freedom
This figure is far behind the global trend where markets in Europe and North America have recovered to around 60% of pre-crisis travel mobility levels.
07/20/2022
Publication of a new Prudential and Resolution Policy Index
Policy Index will further support users to access and navigate relevant policies by topic area.
07/20/2022
Half a million consumers paying less credit card interest following FCA intervention
Over the period, the FCA changed insurance rules to stop firms overcharging loyal customers.
07/20/2022
The FCA welcomes the Secondary Capital Raising Review Report
They provide a valuable and timely contribution to the ongoing market reform agenda and complement the FCA’s ongoing Primary Markets Effectiveness Review.
07/20/2022
Scam warnings on DB transfers at all-time high
Transfer values also continued their sharp fall during June and XPS said increases in long-term gilt yields contributed to a month-end average of £203,000, the lowest value seen since November 2014.
07/20/2022
PIMFA Updates Future of Supervision Paper and Calls for More Improvements fron the Financial Conduct Authority
That in turn has evolved into a sour debate about the increased cost of the FSCS levy to well run firms, who are ultimately left to compensate customers of failed financial institutions.
07/19/2022
UK drops guarantees from £400m of Greensill loans to Gupta-linked firms
State-owned British Business Bank makes decision after investigation of lending practices
07/19/2022
Addleshaw Goddard: Financial Services & Banking News
The Act sets out the conditions under which nuclear and natural gas energy activities can be included in the list of economic activities covered by the EU Taxonomy Regulation ((EU) 2020/852).
07/19/2022
Two advisers jailed over £20m pension fraud
The duo set up a sophisticated plan to persuade pension savers to transfer their pensions, which were then used for their own personal gains.
07/19/2022
Dutch Central Bank fines Binance EUR3.3m
The fine was increased from a basic amount of EUR2 million because Binance has a "very large number of customers" in the Netherlands and the violations took place over a long period of time.
07/19/2022
FCA sees employee numbers fall slightly as it bolsters staff support
The City watchdog delivered 2,960 virtual classroom training days over the year with 38 per cent of colleagues attending at least one of these formal training events.
07/19/2022
New Vatican Policy Orders Foreign Investment Accounts Closed
The Secretariat of State, the Vatican's most important department that oversees diplomacy and all other departments, was already stripped of control over its funds in 2020.
07/19/2022
‘Unscrupulous’ online broker shut down for misleading investors
But when investors tried to withdraw their funds, they were either charged a “substantial fee” or their investments significantly reduced in value, the Insolvency Service said.
07/19/2022
Dutch central bank fines Binance 3.3M euro for operating without registration
The registration application is currently under review.