09/01/2016

PwC fined £2.3m over auditing of subprime lender

A settlement agreed between the FRC’s Executive Counsel, PwC and the then audit engagement partner, Mr Simon Bradburn, has been approved by a legal member of the independent Tribunal Panel.

08/31/2016

SFC reprimands and fines BNP Paribas Wealth Management $4 million

The SFC’s investigation found that at the material time, the monetary benefits, including charges, mark-ups and fees, received by BNPPWM from around 2,300 client transactions exceeded the levels it represented in its documentation provided to the cl

08/25/2016

Waiting times for FCA authorisation worsen

The FCA said it had expected its figures for the second quarter of 2016 to get worse - and the maximum waiting time has increased by nearly 50 per cent on the previous three months, when it was 50 weeks.