03/23/2021
In these documents the EBA also set out steps that financial institutions and competent authorities should take to manage risks associated with individual business relationships in an effective manner.
03/23/2021
Barclays Retirement Fund entered into the longevity swap arrangement with RGA to hedge its longevity risk exposure via a Bermuda reinsurance of a Guernsey in order to optimise payment obligations to its members and reduce risk related to increasing life e
03/23/2021
In reaching this decision, we have sought to balance ensuring firms have sufficient time to put the changes into effect and acting quickly to address consumer harm.
03/23/2021
This exemption shall apply until 28 June 2025.
03/23/2021
Parties seeking to rely on video-link evidence should plan ahead and, where necessary, obtain local and foreign court approval.
03/23/2021
The FCA has said that it will closely monitor how firms implement their change programmes and will be checking their progress regularly.
03/22/2021
BoE governor wants UK bill to make Google tackle online scams: Sunday Times
She said the governor had been on the record several times saying the Online Harms Bill should be extended to cover financial services.
03/22/2021
Hargreaves faces first legal action over Woodford debacle
Several firms are taking legal action on behalf of investors in Woodford Equity Income, but until now that action had been aimed at Link.
03/22/2021
Scotland's whisky distilleries ready to go green
Almost £9m UK Government funding is available to help whisky distilleries go green, reduce carbon emissions and support sustainable jobs.
03/22/2021
Position limits, under the amended legal provisions, will only continue to apply to agricultural commodity derivatives and critical or significant commodity derivatives.
03/22/2021
As a transparency measure, the Government is set to introduce a Register of People with Significant Control over Overseas Companies owning UK Real-Estate
03/22/2021
The FCA intends to publish this claims data on a monthly basis.
03/22/2021
It was emblematic of a French crackdown on tax evasion that has focused on big banks from HSBC Holdings Plc to Credit Suisse Group AG, who investigators believed encouraged such behavior by its citizens.
03/21/2021
The updated Guidance comes into force on 1 April 2021. Any breaches reported to OFSI after this date will be dealt with under the new guidance.
03/21/2021
Financial Conduct Authority refuses to hand over Neil Woodford probe to independent investigator
Wealth manager St James’s Place ended its contract with Woodford to manage three of its funds.
03/21/2021
We are putting in place temporary measures with respect to RTS 27 reports and 10% depreciation notifications while we consult on changes to these requirements later this Spring. These temporary measures will be in place until the end of 2021.
03/21/2021
Under the temporary measures, the FCA will not take action against firms who do not produce RTS 27 reports for the rest of 2021
03/21/2021
'Oversight failure': Over 14,000 get £10m compensation over collapse of SIX Scots community banks
The Financial Services Compensation Scheme intervention has come as losses from administrators being unable to claim back loans from customers is expected to total at least £1.9m, it has emerged.
03/21/2021
The art market in the UK is $12.7 billion (£9.11 billion), it’s the second biggest in the world and is a relatively high risk area for money laundering because it is a market used to operating with anonymity
03/21/2021
The bank was accused of not reporting suspicious transactions or doing so late and not properly screening its customers for suspicious activity.