‘The City watchdog has announced measures to deal with an “erupting pensions mis-selling scandal”, but MPs say the plans do not go far enough to protect people’s savings.’
The Independent, 26th March 2018
Source: www.independent.co.uk
‘Speech by Sir Geoffrey Vos, Chancellor of the High Court: Integrity and independence in the judiciary and the financial services industry – a comparative study.’
Courts & Tribunals Judiciary, 21st March 2018
Source: www.judiciary.gov.uk
‘People who borrow money from doorstep lenders should get the same protection as those with payday loans, a charity has argued.’
BBC News, 19th March 2018
Source: www.bbc.co.uk
‘The Court of Appeal confirms the restrictive approach to third party rights under FCA Notices adopted by the Supreme Court in Macris v FCA [2017] UKSC 19.’
4 New Square, 6th February 2018
Source: www.4newsquare.com
‘Civil justice is readily available to the international super-rich but out of reach of most British citizens, according to a top City watchdog. But John Griffith-Jones, chairman of the Financial Conduct Authority, believes it is the job of parliament to boost consumer redress by changing the law, rather than simply tinkering with the regulator’s rulebook.’
Law Society's Gazette, 14th March 2018
Source: www.lawgazette.co.uk
‘The UK’s Competition and Markets Authority (CMA) will target “industries that are at a greater risk of cartels forming” as part of a new campaign to crack down on anti-competitive behaviour.’
OUT-LAW.com, February 2018
Source: www.out-law.com
‘A division of troubled lender Provident Financial has been told to pay almost £169m in compensation to customers. The Financial Conduct Authority (FCA) said Provident’s Vanquis unit failed to properly disclose charges on one of its popular repayment plans.’
BBC News, 27th February 2018
Source: www.bbc.co.uk
‘The Treasury committee has published the full unredacted report into Royal Bank of Scotland’s “disgraceful” treatment of struggling small businesses that came to it for financial assistance in the wake of the banking crisis.’
The Guardian, 20th February 2018
Source: www.theguardian.com
“A money lender who ‘flouted the law’ to make more than £2 million from loan agreements despite being refused a credit licence has become the first person to be subjected to a serious crime order imposed by the Financial Conduct Authority (FCA).”
Law Society Gazette, 14th February
Source: www.lawgazette.co.uk
‘New data protection laws are not at odds with regulatory requirements imposed on companies in the financial services sector, two UK authorities have said.’
OUT-LAW.com, 12th February 2018
Source: www.out-law.com
‘MPs could publish a leaked version of the report into claims RBS mistreated small business customers whether regulators are ready or not. The Treasury Select Committee has told the Financial Conduct Authority it must publish the much-delayed report on the Global Restructuring Group (GRG) by the end of next week. If the FCA fails to do that, it must instead send a copy to the committee on that day.’
Daily Telegraph, 7th February 2018
Source: www.telegraph.co.uk
‘Directors’ duties, procedural fairness and issue based costs; the Court of Appeal decision sheds light on several aspects of financial regulatory enforcement action.’
4 New Square, 15th January 2018
Source: www.4newsquare.com
‘A fine served on an online broker shows that financial firms should not rely solely on group-wide controls and surveillance systems to pick up on suspicious transactions, an expert has said.’
OUT-LAW.com, 30th January 2018
Source: www.out-law.com
‘The government was accused yesterday of “pulling its punches” and “shilly shallying” over introducing a ban on cold-calling for personal injury (PI) claims.’
Legal Futures, 23rd January 2018
Source: www.legalfutures.co.uk
‘Financial services firms that wish to set up “permissionless” blockchain networks will not automatically be engaged in outsourcing and be in breach of Financial Conduct Authority (FCA) rules, the regulator has said.’
OUT-LAW.com, 19th December 2017
Source: www.out-law.com
‘A revised UK Corporate Governance Code, intended by the Financial Reporting Council (FRC) to be “shorter and sharper” and to restore public trust in business, is due to come into force for accounting periods beginning 1 January 2019’
OUT-LAW.com, 18th December 2017
Source: www.out-law.com
‘An insurance broker has been fined over £4 million by the Financial Conduct Authority (FCA) for failing to adequately manage potential conflicts of interest involving its parent company.’
OUT-LAW.com, 12th December 2017
Source: www.out-law.com
‘The UK’s accounting watchdog is hoping to make it easier to prosecute accountants after it was slammed for letting KPMG off the hook over its audits of HBOS just before the financial crisis.’
Daily Telegraph, 30th November 2017
Source: www.telegraph.co.uk
‘The European Insurance and Occupational Pensions Authority (EIOPA) has warned UK financial firms that they should not rely on leniency from local regulators in the EU if the UK exits the trading bloc without a deal on the cross-border provision of financial services provision in place.’
OUT-LAW.com, 28th November 2017
Source: www.out-law.com
‘The Financial Conduct Authority is to police firms offering “binary options” following complaints of large losses by consumers and the prevalence of scams.’
Daily Telegraph, 14th November 2017
Source: www.telegraph.co.uk
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