12/04/2023
The Bank of England and the country’s finance ministry are hoping to have a digital pound in circulation by 2030, joining a host of other countries aiming to launch a central bank digital currency (CBDC).
12/04/2023
The company continues that the approval process was time-consuming and was carried out on its own initiative.
12/01/2023
Shoosmiths’ CEO, David Jackson, said: “We’re absolutely thrilled to have been recognised by this prestigious accolade.”
12/01/2023
These actions should give investment companies greater ability to explain their costs and charges to help consumers make better informed investment decisions.
12/01/2023
They were also found to have fixed the transaction fee charged to customers when making certain money transfers from the UK to Pakistan via Small World’s Services.
12/01/2023
It also follows the FCA’s statement earlier this month that fund managers have more work to do on embedding ESG.
11/30/2023
Investment labels will help match investors with the funds that are right for them, and the added Sustainable Mixed Goals label will address the problem of funds with multi-asset strategies.
11/30/2023
The proposal submitted by BNP Paribas Cardif, the insurance arm of the BNP Paribas Group stands out in terms of product range
11/30/2023
Any firm not holding enough capital will be subject to automatic asset retention rules to prevent them from disposing of their assets.
11/30/2023
The OECD isn’t expecting any rate cuts until late 2024 and for some economies not until 2025.
11/30/2023
Given at FXJSC 50th Anniversary event held at the Bank of England, London
11/30/2023
The FCA has also published an accompanying Dear CEO letter, which reminds firms that they must not seek to avoid potential redress liabilities.
11/30/2023
FSMA 2023 also provides a framework to repeal retained EU law
11/30/2023
Third Country Branch
11/29/2023
This is vital for those funds investing across the spectrum of assets and allows the FCA to bring fund of funds into scope too.
11/29/2023
In its survey of 20,000 consumers, the Financial Conduct Authority found that 81% would like their investments to do good as well as deliver a financial return.
11/28/2023
Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.
11/28/2023
It will also allow partial transfers of Isa funds in-year between providers from April 2024.
11/27/2023
The Innovation Fund can cover up to 60% of a project's relevant costs, with eligibility extended to projects in the EEA, including the maritime, road transport and buildings sectors.
11/27/2023
The bank has apologised to customers and is working to restore its mobile and online banking service, including the authorising of online card purchases via the app.