Sep 05, 2024 More FCA retail enforcement incoming (if the latest Skilled Persons stats are anything to go by) By Duncan Campbell The latest FCA Skilled Persons (SP) statistics are in, completing the data for the reporting year just gone. We've charted them for you...
Aug 19, 2024 FCA fines auditor for failing to flag fraud suspicions By Sara Cody Simon Treacy The Financial Conduct Authority has fined PwC £15 million for failing to report its reasonable belief that London Capital & Finance (LCF)...
Aug 16, 2024 FCA criticises auditor for CASS report failings By Sara Cody Duncan Campbell Simon Treacy In a first of its kind, the Financial Conduct Authority has censured an auditor for failing to report breaches of the FCA’s client asset...
Aug 02, 2024 A changing landscape: Bank of England’s approach to innovation in money and payments By Simon Treacy Against the backdrop of a rapidly evolving payments landscape, the Bank of England has launched a discussion paper on how it should...
Jul 31, 2024 The latest FCA Consumer Duty messaging (frogs and all) By Duncan Campbell Sheldon Mills is talking about frogs again. Small mercies, though: in this latest speech (at an FCA hybrid event on 31 July 2024) he was...
Jul 26, 2024 FMSB opens debate on pre-hedging By Simon Treacy The Financial Markets Standards Board is shining the spotlight on pre-hedging. According to the FMSB, there is uncertainty about how...
Jul 05, 2024 Labour and the future of financial services regulation and enforcement By Sara Cody The Labour victory on 4 July 2024 represents the first time since 2010 that the party has been given the opportunity to shape the way in...
Jun 28, 2024 Steve Smart on combatting financial crime: talk to each other more! By Duncan Campbell One year after Steve Smart became the FCA's joint executive director of enforcement and market oversight, he has broken his (sort of)...
Jun 28, 2024 Welcome FCA guidance on monitoring under the consumer duty By Sara Cody The FCA has published its findings from a review of larger insurance firms’ approaches to outcomes monitoring under the consumer duty....
Jun 28, 2024 Bridging the Gap – FCA permits the return of GAP insurance By Sara Cody This week, I bought a car. On Monday morning, as I was dotting the ‘i’s and crossing the ‘t’s on the finance documents, the sales...
Jun 10, 2024 FCA fines HSBC £6.2 million for unfair treatment of customers in financial difficulty By Sara Cody Emma Daniel On 23 May 2024, the Financial Conduct Authority (“FCA”) fined HSBC UK Bank plc, HSBC Bank plc and Marks and Spencer Financial Services...
Jun 10, 2024 Key considerations when preparing your Consumer Duty Board report By Duncan Campbell Oliver Palmer Listen to our conversation with The Investment Association’s Consumer Duty Lead Mandeep Bhandal on key considerations when preparing your...
Jun 07, 2024 FCA looks to the future of finance in speech to investment managers By Simon Treacy Premlata Fagan In a globalised industry, having a strong regulatory regime that embraces innovation helps make the case for investing with money...
May 23, 2024 The Citi fat finger fines ... and UI design By Duncan Campbell The PRA's and FCA's Citi fines about algorithmic trading controls - provoked by a 2022 fat finger incident - tell a cautionary tale about...
May 21, 2024 No you can't have FCA-Qatar communications: Upper Tribunal By Duncan Campbell The Banque Havilland saga continues. After important decisions on privilege and third party references, we now have an Upper Tribunal...
May 17, 2024 Complaints, canaries and coalmines By Duncan Campbell Is your firm an investment management, personal investment or pension firm? Then pay attention. In this brave new world of early and...