whistleblowing, speak up procedures

13 August, 2018

Enforcement activity of City watchdog FCA increases

Enforcement activity at the Financial Conduct Authority has increased year-on-year to record levels. The year to March saw 508 cases opened and 510 cases resolved. That compares with 445 and 431 in...
City of London, financial services, financial regulation, FCA

23 March, 2018

‘Monocultures’ in financial firms lead to governance issues, says regulator

Financial firms with a lack of diversity make less money and suffer more problems with governance issues, according to a senior City regulator.
fintech, fin tech, financial technology, finance technology

27 February, 2018

UK and US financial services authorities sign deal on fintech cooperation

The UK’s Financial Conduct Authority (FCA) and the US Commodities Futures Trading Commission (CFTC) have agreed to collaborate on financial technologies and support firms wishing to expand in intern...
RBS

21 February, 2018

‘Fundamental governance failings’ in RBS unit saw SMEs ‘poorly treated’

Governance and oversight failings in RBS’s distressed debt division led to “widespread inappropriate treatment” of small business customers, according to a report published by the Treasury commi...
Rio Tinto

27 November, 2017

Investor ire sees Sir Mick Davis’s Rio Tinto chairmanship plan shelved

Investor agitation has forced Rio Tinto to backtrack on plans to appoint Conservative Party CEO Sir Mick Davis as chairman. The Investor Forum, a group of shareholders which represents some 20% of ...
Rio Tinto

14 November, 2017

Conservative Party CEO lined up for mining return with Rio Tinto

Conservative Party chief executive Sir Mick Davis could be set for a return to the mining industry, with reports suggesting he will take over from Jan Du Plessis as Rio Tinto chairman. Sir Mick was...
Donald Brydon, London Stock Exchange

10 November, 2017

Investors head for showdown with LSE board over CEO’s departure

The board of the London Stock Exchange is this morning considering demands for an extraordinary general meeting (EGM) from shareholders angry over the resignation of chief executive Xavier Rolet. T...
Rio Tinto

19 October, 2017

Ex-Rio Tinto CEO and CFO charged with fraud over ‘inflated’ asset values

The former CEO and CFO of Rio Tinto have been charged with fraud by the US Securities and Exchange Commission (SEC), after allegedly inflating the value of its ill-fated Mozambique coal mine acquisiti...
Andrew Bailey, FCA

13 October, 2017

FCA chief: ‘Sovereign-owned’ listing rules will meet highest standards

Creating a new premium listing category to deal with sovereign-owned companies would maintain a high level of governance, while avoiding a situation in which they list on a lighter-governed platform, ...

5 October, 2017

Investigation into PwC’s client asset reporting at Barclays closes

Accountancy’s watchdog has closed a three-year investigation into Barclays’ auditor PwC, after deciding there was “not a realistic prospect” of winning a tribunal. The Financial Reporting C...