‘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
‘The City watchdog has turned its attention towards London’s £68bn insurance broking market following “significant changes” to the lucrative sector since its last probe a decade ago.’
Daily Telegraph, 8th November 2017
Source: www.telegraph.co.uk
‘Investors who lose out when their firms go bust could now receive up to £35,000 more compensation under plans unveiled by the City watchdog.’
Daily Telegraph, 31st October 2017
Source: www.telegraph.co.uk
‘The number of reports notifying the UK’s Financial Conduct Authority (FCA) of suspicious transactions have risen to their highest ever level, more than doubling in the last two years.’
OUT-LAW.com, 23rd October 2017
Source: www.out-law.com
‘The UK’s Financial Conduct Authority (FCA) has fined Merrill Lynch International £34.5 million for failing to report 68.5 million exchange traded derivative (ETD) transactions over a two-year period.’
OUT-LAW.com, 23rd October 2017
Source: www.out-law.com
‘The chief executive of the UK’s Financial Conduct Authority (FCA), Andrew Bailey, has called for close cooperation between regulatory bodies to ensure continuity of service for financial institutions after Brexit.’
OUT-LAW.com, 2nd October 2017
Source: www.out-law.com
‘The UK’s state-backed pensions scheme, the National Employment Savings Trust (NEST), has asked for limits to be put on pensions freedoms to protect its members from losing retirement savings.’
OUT-LAW.com, 20th September 2017
Source: www.out-law.com
‘Britain’s financial watchdog has refused to publish a leaked report into the scandal at Royal Bank of Scotland’s controversial restructuring unit, despite demands for its release by an influential committee of MPs.’
The Independent, 15th September 2017
Source: www.independent.co.uk
‘Clearing houses in the UK will be subject to new formal cybersecurity incident reporting duties under changes likely to be implemented by 9 May next year.’
OUT-LAW.com, 24th August 2017
Source: www.out-law.com
‘The Financial Ombudsman Service (FOS) is anticipating a “significant increase in demand” for its services in the run-up to the August 2019 deadline for complaints about potentially mis-sold payment protection insurance (PPI)’
OUT-LAW.com, 17th August 2017
Source: www.out-law.com
‘New UK regulations have been published that significantly extend the duty to report financial sanctions breaches. Previously only banks, financial institutions, certain EEA credit institutions, and currency exchange businesses were obliged to report, but the duty now applies to a far broader range of professions and sectors.’
OUT-LAW.com, 14th August 2017
Source: www.out-law.com
‘Lawyers are among those who could face prosecution if they fail to report information that could undermine UK financial sanctions, after a change to the law that came into force this week.’
Legal Futures, 10th August 2017
Source: www.legalfutures.co.uk
‘Claims management companies (CMCs) will face stricter regulation when responsibility for regulation moves from the Ministry of Justice (MOJ) to the Financial Conduct Authority (FCA), though new rules stop short of a ban on cold calling and cold texting.’
OUT-LAW.com, 3rd August 2017
Source: www.out-law.com
‘The UK’s Financial Conduct Authority (FCA) is to maintain a cap set on the interest and fees charged on high-cost short-term loans after a review concluded it had benefited consumers.’
OUT-LAW.com, 31st July 2017
Source: www.out-law.com
‘The City regulator is proposing to water down stock market rules in a move regarded as an attempt to attract the world’s biggest ever flotation – of Saudi Aramco, the Gulf kingdom’s state oil company – to London.’
The Guardian, 13th July 2017
Source: www.theguardian.com
‘New rules are needed in the UK to make it clearer that it is acceptable for banks to verify the identity of new customers using video technology.’
OUT-LAW.com, 4th July 2017
Source: www.out-law.com
‘Businesses operating in the financial services, energy or telecoms sectors are to be encouraged to report their involvement in cartels directly to the Competition and Markets Authority (CMA) under proposals put forward by the regulator.’
OUT-LAW.com, 3rd July 2017
Source: www.out-law.com
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