06/27/2022
Banking body BIS urges decisive wave of global rate hikes to stem inflation
Surging energy and food prices mean inflation in many places is now its hottest in decades.
Legal, Regulation & Compliance
06/27/2022
Sainsbury’s under new pressure to pay living wage for all workers
Queen’s bank Coutts plus Coal Pensions Board join others such as LGIM and HSBC backing resolution for £9.90 an hour
06/27/2022
UBS courts US investment heavyweights to boost valuation
Executives want to convince investors it is a global bank, not a European institution
06/27/2022
Ukraine war: UK joins ban on imports of Russian gold
US President Biden suggested the other G7 nations - Germany, France and Italy - would also join the ban.
06/27/2022
Restrictions placed on Colbourne & Company
Colbourne & Company is a sole trader, and Mr Anthony James Colbourne SMF16 is the only person in the firm who was able to conduct regulated activity on the firm’s behalf.
06/27/2022
The Clear Group completes new investment from Goldman Sachs Asset Management to drive the next phase of its growth strategy
The business has also trebled its premiums, today handling over £330m GWP.
06/24/2022
FCA tackling scams faster as part of data strategy
This action forms part of an update on the FCA’s data strategy showing the progress it has made improving its use of data and its plans to identify and prevent harm sooner.
06/24/2022
FCA fines Ghana International Bank Plc £5.8m for failings in its anti-money laundering controls
The FCA requires banks to do extra checks on their correspondent banking customers to reduce the higher risk of money laundering and terrorist financing associated with the service.
06/24/2022
European Banking Authority Asks for PSD2 Review
The EBA has observed that, while some objectives of the PSD2 have started to materialise, there are still many issues and challenges that need to be addressed.
06/24/2022
Client left to courts after CMC failed to pay Fos award
He said when he spoke to the firm in July 2020, he was told his case had been passed to a law firm.
06/24/2022
Tax authorities issue guidance on amended RETT rules
“Grandfathering” and transition rules apply to manage the change from the former rules to the amended rules.
06/24/2022
Carey Olsen named a finalist for two STEP Private Client Awards
This year's awards also saw a record number of nominations, with 337 submissions from 27 countries for the 21 categories available.
06/24/2022
What did the monetarists ever do for us? − speech by Huw Pill
The current challenge for UK monetary policy is to contain those second round effects and return inflation to target as global energy and goods prices stabilise or revert in the coming years.
06/23/2022
25% of UK advisers unaware of incoming Consumer Duty rules
Platform providers in demand to help deal with the changes
06/23/2022
FCA fines insurance broker JLT Specialty Limited £7.8m for financial crime control failings
JLTSL placed business in the London reinsurance market for JLT Re Colombia, another company in the JLT group.
06/23/2022
UK Pensions – Enhanced climate change reporting requirements from 1 October
Trustees now need to get up to speed quickly with these new requirements, as well as watching this space for further developments in this rapidly evolving area.
06/23/2022
Irish Central Bank: insurance platforms must ensure suitability of senior staff
Ireland continues to be among one of the most attractive locations within the EU to establish an insurance or reinsurance intermediary (together, ‘intermediary’) platform.
06/23/2022
Confederation arranges for implementation of OECD minimum tax rate in Switzerland
The supplementary tax is limited to large corporate groups with worldwide turnover of at least EUR 750 million
06/23/2022
Changes to FCA Firm Reference Numbers (FRNs) and Product Reference Numbers (PRNs)
The Financial Conduct Authority (FCA) published a statement on the plan to move to a seven-digit FRNs and PRNs for newly registered firms and funds.
06/23/2022
Rockwood Strategic says corporate dispute led to 'significant costs'
£1.1m for corporate actions