05/08/2019
Hackers steal almost £31m in Bitcoin
All withdrawals and deposits are suspended whilst the review is being carried out, it is expected to take a week.
Legal, Regulation & Compliance
05/08/2019
KPMG fined £5m over Co-Op Bank audit by watchdog
The FRC said KMPG and Walker failed in obtaining the appropriate audit evidence, they failed to exercise sufficient professional scepticism.
05/08/2019
FRCC report on inaccuracy of Register entries
You believe the FCA is responsible for your losses and should compensate you.
05/07/2019
Lax Oversight of Corporate Register Undermines UK Transparency: Watchdog
Continued foot dragging by Government will only risk UK companies being implicated in the next major money laundering scandal
05/07/2019
EBRD considers move to extend lending to sub-Saharan Africa
Support builds in EU capitals for more investment to stem migration to Europe
05/07/2019
Financial stability post Brexit: risks from global debt - speech by Jon Cunliffe
It is the risks, what could happen, that inform our policy decisions.
05/07/2019
Two Irish banks unwittingly used in huge carbon credit fraud
Both Ulster Bank and BoI have fallen foul before for enforcement failings in other cases
05/06/2019
Free flow of dirty money in the United Kingdom
Analysts and academics argue too much of the money flowing around the UK is the result of crime, corruption and tax dodging.
05/06/2019
Greece unveils bill to help millions who owe tax and pension arrears
He said that about 4.2 million people have unsettled arrears with the tax office, state pension funds and municipalities, including about 80,000 eligible for retirement pensions but unable to receive benefits because of their arrears.
05/06/2019
EIOPA submits advice on Sustainable Finance to the European Commission
In doing so, EIOPA advises to embed carefully sustainability in the delegated regulations under Solvency II and the Insurance Distribution Directive.
05/06/2019
FCA launch the Financial Services Regulatory Partners Phoenixing Group
The Financial Conduct Authority held a round table event with its regulatory partners to build on existing collaboration and launch a working group to tackle the ongoing issue of phoenixing in financial services.
05/03/2019
NAB, UK bank sued over business loans
A spokeswoman for Clydesdale said the bank had yet to receive details of the case.
05/03/2019
ED files money laundering charge sheet against Zakir Naik
Once the court takes cognisance of the charge sheet, the agency will file an application under the Fugitive Economic Offenders Act, 2018 to declare him as a fugitive economic offender, said the official asking not to be named.
05/03/2019
Shareholders ignore governance guidance to reject Schroder heir
Leonie Schroder had been criticised for her lack of City experience
05/03/2019
Baby boomers vs millennials: FCA dives into generation battle
Spotlight on pension, insurance, mortgage and credit inequality
05/03/2019
Netherlands, Germany, Austria preventing euro zone integration
It has become clear to EU citizens that they cannot take the EU for granted and that leaving it could have disastrous consequences."
05/03/2019
Experts welcome FCA’s business plan priorities but say more action needed
The UK’s Financial Conduct Authority has laid out its priorities for the coming year, with Brexit named as its most immediate focus.
05/03/2019
The future of reverse solicitation in the EU in the context of the AIFMD
This flexibility allows promoters to avoid launching projects which would not find favour with investors with the consequent advantage of saving costs and time.
05/03/2019
FCA calls for more flexibility in mortgage market
This required greater flexibility in the mortgage space, the City watchdog stated.
05/02/2019
OT minister wants to avoid BO confrontation
“We do not believe we will get to the stage where we have to get into some sort of confrontation,”