04/13/2022
All existing PCFs classified as PCF-2 will automatically be classified as PCF-2A, ‘non-executive director’, unless a firm notifies the CBI that they should be an independent non-executive director.
04/13/2022
The Bank of England (BoE) has published an update on the joint BoE and FCA data collection transformation programme
04/12/2022
The company may lodge an appeal against the administrative fine order.
04/12/2022
In the meantime, the FCA pointed current and former P&O employees to impartial guidance from MoneyHelper, which is run by Maps.
04/12/2022
The assessment of business prospects in business with corporate customers is encouraging: 86 percent rate them as good or very good.
04/12/2022
Highvern understands the market opportunities and appetite to establish structures in Ireland and aims to grow in line with this.
04/12/2022
The FCA and TPR warn that transferring out of a defined benefit pension scheme is unlikely to be in the best interests of most people,
04/11/2022
The SS aims to ensure that high-quality and convergent supervision is applied to run-off undertakings and portfolios subject to the Solvency II regime
04/11/2022
BNP said the report to the NCA was about suspicious activity of third parties rather than BNP. It said BNP did not find any evidence of suspicious activity within its own organization.
04/11/2022
A condition of the acquisition was the indemnity on any claims in the Adams v Carey case, with the benefit of significant existing PI cover held by the vendors.
04/11/2022
The FCA also revealed it now rejects one in seven applications for authorisation, up from one in 13. It said it will continue to test the limits of its powers going forward.
04/11/2022
The FCA explains that the review does not represent a shift in FCA policy or changes in firms' requirements.
04/08/2022
A key focus of the strategy is shutting down problem firms, which do not meet basic regulatory standards.
04/08/2022
The strategy was approved days before a planned visit to the country by EBRD Vice President for Policy and Partnerships, Mark Bowman, who will be in Sarajevo on 11 and12 April to discuss its implementation with the authorities.
04/08/2022
It sets out the regulator's expectations for financial services over the next three years and explains how the FCA will measure its own performance.
04/08/2022
The amendment aims to reduce frictions for customers using such services and to mitigate the impact that the frequent application of SCA and the inconsistent application of the current exemption have on AISPs’ services.
04/08/2022
The most significant increase came between 2019 and 2020, amidst the Covid-19 pandemic, when the BoE’s total payroll for data scientist rose from £224,579 to £914,472, an increase of 307 per cent.
04/08/2022
The finalization of this transaction will take place no later than February 2022, after consultation with the representative bodies of Société Générale's staff, and subject to obtaining prior authorization from the compete
04/08/2022
The new supervisory statement clarifies the ESAs' expectations towards market participants and national competent authorities to use the new transition period until 1 January 2023 to prepare for the application of the Commission's delegated act.
04/08/2022
These amendments include new financial, trade, and maritime measures, and restrict specified financial services with the Russian Central Bank and other Russian Federation agencies.