12/12/2023
Bank of England sets out 'near-final' plans to tighten capital rules for UK banks
Basel 3.1 reforms
Legal, Regulation & Compliance
12/11/2023
Concerted effort needed on advice/guidance to extend help to more people
The introduction of pension freedoms in 2015 also put greater onus on the individual to make critical decisions about their retirement funds, making the need for easily accessible help even greater.
12/11/2023
Moneyhub granted Credit Information Services permissions by the Financial Conduct Authority
Over 150m people have access to Moneyhub’s technology through their partners
12/08/2023
FCA sets out new rules to maintain access to cash in increasingly digital world
These assessments need to take into account local factors such as demographics and transport. Where firms identify gaps, they will need to act to address these needs.
12/08/2023
Holborn Assets under investigation by FSCS
Alongside another advice firm
12/08/2023
FCA slams financial promotion exemptions for HNW individuals
Regulator says the exemptions result in consumer harm
12/08/2023
Sector welcomes advice guidance proposals
The proposals come following the FCA and the government’s joint advice guidance boundary review.
12/08/2023
London Capital & Finance scars raise risk concerns over LTAFs among MPs
Review of Edinburgh Reforms a year on
12/08/2023
Consistency, not speed is more important to save the City from stagnation
Many of the changes badged as Edinburgh Reforms were already in progress, but newly packaged under one heading.
12/08/2023
FCA admits targeted support proposal may advantage larger firms
This morning the regulator published proposals for reforming the advice-guidance boundary.
12/07/2023
Scammers looking to exploit financial stress at Christmas, FCA warns
With financial pressure building and more looking to borrow, the FCA is concerned stretched households could be vulnerable to loan fee fraud.
12/07/2023
FCA publishes update on the cash savings market
Deposits held in fixed-term and notice accounts increased by £17bn.
12/07/2023
FCA decides not to take action against Blackmore Bond promoters
Blackmore Bond was set up in 2016 and, until 2018, ran an investment scheme where potential clients were offered mini-bonds with an attractive level of interest.
12/06/2023
FCA to require investment advisers to set aside funds for redress liabilities
The proposals require firms to quantify an overall amount for all the potential redress liabilities they have identified, and to set aside sufficient capital resources to cover these liabilities.
12/06/2023
British Steel-linked advice firm goes under FSCS investigation
Inspirational Financial Management entered administration in November
12/06/2023
SFO confiscates over £450,000 from CEO and a senior executive behind global finance fraud
The SFO’s investigation into Louise Worsell is ongoing.
12/05/2023
FCA seeks views on regulatory approach for overseas funds
The regime supports the existing global operating model of asset managers, facilitates greater consumer choice, while also maintaining existing high standards.
12/05/2023
Commission approves re-introduction of market conform asset protection scheme for banks in Greece
The scheme aims at assisting banks in securitising and moving non-performing loans off their balance sheets.
12/05/2023
Nucleus Wrap customers to benefit from another cut to standard platform charge
The rate cut is effective from 1 December and is the second major investment in reducing price for customers in the last 18 months.
12/05/2023
Global regulatory update Q3 2023
Those updates covered a range of topics from environmental, social, and corporate governance to digital assets, anti-money laundering, counter-financing of terrorism and changes to several major regulations.