‘Continued debate over the extent to which blockchain might be used within financial services is helping to spur a broader discussion over the way technology could be used to reduce regulatory compliance burdens in the sector, an expert has said.’
OUT-LAW.com, 23rd August 2016
Source: www.out-law.com
‘Britain needs a new financial watchdog to punish wrongdoing in order to win public confidence, further reshaping a regulatory structure that was overhauled just three years ago, the Treasury Select Committee has said.’
The Independent, 26th July 2016
Source: www.independent.co.uk
‘Barclays and Credit Suisse paid huge fines in the US to settle misconduct allegations over the operation of their dark pool share trading exchanges. The City watchdog says the UK market is different, but it still wants banks to do better.’
The Independent, 21st July 2016
Source: www.independent.co.uk
‘The City watchdog faces a legal battle in its attempts to ban a payday lender from the industry, as financier Andrew Barry Hart fights claims he “took a reckless approach” to lending and “failed to address unfair business practices”.’
Daily Telegraph, 14th July 2016
Source: www.telegraph.co.uk
‘The Financial Conduct Authority (FCA) will look to ensure that consumers are sufficiently protected against the risks inherent in crowdfunding while supporting innovation in the growing market in a forthcoming review of its regulation of the industry, an expert has said.’
OUT-LAW.com, 11th July 2016
Source: www.out-law.com
‘Financial services companies operating in the UK can make use of cloud-based services without falling foul of regulatory obligations, the Financial Conduct Authority (FCA) has said. However, firms may be disappointed that some of the guidance is not more specific or prescriptive in some areas, an expert has said.’
OUT-LAW.com, 8th July 2016
Source: www.out-law.com
‘Fines imposed by the Financial Conduct Authority (FCA) in the first half of 2016 have fallen to £7.2m – less than 1% of the figure of a year before.’
The Guardian, 3rd July 2016
Source: www.guardian.co.uk
‘Guidance and specimen policy documents to help quoted companies comply with new market abuse rules when dealing in shares have been published by the UK’s main trade bodies for governance professionals and general counsel.’
OUT-LAW.com, 29th June 2016
Source: www.out-law.com
‘Damian Clarke, a former equities trader at Schroders Investment Management, has been sentenced to two years in prison for insider trading.’
The Guardian, 13th June 2016
Source: www.guardian.co.uk
‘Bank of England boss Mark Carney should listen to those who fear regulators need to do more to stop continued bad practice in the financial sector.’
The Guardian, 5th June 2016
Source: www.guardian.co.uk
‘Penal charges applying to people who want to access their retirement savings are to be banned by the City watchdog, the Financial Conduct Authority.’
Daily Telegraph, 26th May 2016
Source: www.telegraph.co.uk
‘Two men who were part of the most complex insider dealing ring uncovered by the City watchdog have been sentenced to a total of eight years in prison.’
Daily Telegraph, 12th May 2016
Source: www.telegraph.co.uk
‘Those suspected of money laundering could be required to explain the origins of any unexpected wealth or risk forfeiture as part of a package of measures put forward for consultation by the UK government.’
OUT-LAW.com, 25th April 2016
Source: www.out-law.com
‘Asset Land’s appeal rejected by the supreme court but the City regulator says investors “are likely only to get a fraction of their money back”.’
The Guardian, 20th April 2016
Source: www.guardian.co.uk
‘A major review of new pension freedoms announced by George Osborne last year is to be carried out by the Financial Conduct Authority amid fears of mis-selling.’
Daily Telegraph, 6th April 2016
Source: www.telegraph.co.uk
‘On 24 February 2016, in R (Holmcroft Properties Limited) -v- KPMG LLP and others, the Divisional Court dismissed Holmcroft’s judicial review challenge to the skilled person’s role in a mis-selling redress scheme. The skilled person, KPMG, had approved Barclays’ rejection of Holmcroft’s claims for consequential losses it claimed to have suffered as a result of the mis-sale. The court found that the skilled person was not amenable to judicial review and that, in any event, it had acted fairly.’
Henderson Chambers, 3rd March 2016
Source: www.hendersonchambers.co.uk
‘A claim against Royal Bank of Scotland (RBS), including allegations of rigging the LIBOR rate, has been transferred to the new Financial List even though the move means bringing in a new judge.’
Litigation Futures, 1st March 2016
Source: www.litigationfutures.com
‘Data collected by the Financial Conduct Authority (FCA) is insufficient to prove whether regulatory interventions have had an effect on mis-selling by financial firms, the UK’s public spending watchdog has said.’
OUT-LAW.com, 26th February 2016
Source: www.out-law.com
‘The Financial Conduct Authority is expected to face criticism on Monday when MPs debate a motion on whether it is up to the job of regulating behaviour in the City.’
The Guardian, 31st January 2016
Source: www.guardian.co.uk
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