11/28/2024
Macquarie Group statement on FCA’s Final Notice
The unauthorised trading was isolated to one individual.
Legal, Regulation & Compliance
11/28/2024
Fintech hiring compensates for declining demand among banks for risk and compliance roles
The UK job market for risk and compliance roles is undergoing a significant transformation, with the fintech sector leading the charge.
11/27/2024
Regulation and profitability forcing advisers to offboard clients
The main reasons advisers give for offboarding clients are that the clients’ needs have changed, they no longer require advice or they do not meet requirements for providing ongoing services.
11/27/2024
PRA statement in relation to the MiFID Org Reg
Such a consultation represents an important step in the adaptation of the UK’s prudential regime for CRR firms inherited from the European Union
11/26/2024
FCA launches first research competition to help drive UK economic growth
The FCA is launching its first competition to fund research into how regulation can support national growth.
11/26/2024
FCA fines Barclays £40 million
This follows Barclays' decision to withdraw its referral of the FCA's planned action to the Upper Tribunal.
11/26/2024
MBL fined £13m for serious control failures that allowed trader to conceal over 400 fictitious trades
The fictitious trades were not detected earlier because of significant weaknesses in MBL’s systems
11/26/2024
MPs launch excoriating attack on the FCA
The APPG on Investment Fraud and Fairer Finance is presenting its report to Parliament after collecting evidence from 175 respondents, including whistleblowers, victims of scams and current and former employees of the regulator.
11/25/2024
Managing the present, shaping the future - speech by Clare Lombardelli
Given at the Bank of England Watchers Conference, London
11/22/2024
FCA proposes to extend the time firms have to handle complaints relating to motor finance commission
The FCA is seeking feedback on proposals to extend the time firms have to respond to motor finance complaints where a non-discretionary commission arrangement was involved.
11/22/2024
Key recommendations for Guernsey NEDs when insolvency looms – lessons from BHS
This high-profile collapse was followed by a series of investigations and legal proceedings that exposed serious corporate governance failures.
11/21/2024
Vacation Finance Limited enters administration
The firm is no longer offering finance to new customers.
11/21/2024
Back to the Future 2: Keeping inflation close to the 2% target − speech by Dave Ramsden
Given at Leeds University Business School
11/21/2024
The European Supervisory Authorities (EBA, EIOPA, ESMA – ESAs) publish Joint Guidelines on the system for the exchange of information relevant to fit and proper assessments
The Joint Guidelines aim to ensure consistent and effective supervisory practices within the European System of Financial Supervision
11/20/2024
A revision of our market cleanliness statistic methodology
The MCS is based on abnormal stock price movements before takeover offer announcements.
11/20/2024
Time running out for payment providers to have their say on new regulatory regime
The new regulatory framework is designed to ensure customer money is safe at all times while held by payment providers, and that customers will be given a swift refund in the event of a company collapse.
11/20/2024
Aberdein Considine celebrates success at national legal awards
This recognition is a testament to our team’s commitment to delivering efficient, client-focused debt recovery solutions.
11/20/2024
UK ‘digital gilt’ pilot to run independently from Debt Management Office
A gilt is a government liability denominated in sterling and listed on the London Stock Exchange.
11/20/2024
Finma opens proceedings against Moonshot private equity platform affiliates
The regulator suspects the persons involved of collectively carrying out activities which are illegal without necessary licences.
11/20/2024
Pensioners urged to apply for pension credit as winter fuel payment cutoff nears
In July, the Chancellor announced that the winter fuel payment would be made only to those on low incomes who received certain benefits such as pension credit as of this year.