02 Feb, 2024 PRA issues second largest fine for historic failings: what can we learn from this week’s action? By Clare McMullen Joseph Richmond Saurabh Gupta Stephen Clipsham +1 more... Show less On the day it confirmed a change to its penalty policy that many expect will lead to larger penalties, the PRA issued its second largest...
16 Jan, 2024 New SMCR fine: right-sizing controls to your business risk (and SMF delegations) By Joseph Richmond Duncan Campbell Saurabh Gupta Bit by bit, enforcement actions are giving us more clarity on what “reasonable steps” means for senior managers. The latest news: the...
23 Nov, 2023 Three ways in which the Future of Payments Report could change UK payments By Simon Treacy Saurabh Gupta In the summer the government commissioned an independent review of the UK payments industry. Now that the report has landed we pick out...
27 Oct, 2023 UK regulators sum up industry views on AI in financial services By Simon Treacy Saurabh Gupta The Bank of England, FCA and PRA have issued a feedback statement in response to their joint discussion paper on artificial intelligence...