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...
Compliance, regulation

13 February, 2018

Compliance: take it or leave it

Compliance may mean meeting legal or regulatory obligations, but in a corporate setting, compliance is viewed as a cost from both a people and a financial resource perspective. “Essent...
anti-money laundering, AML, fraud

21 January, 2018

New anti-money laundering watchdog launched in UK

A new anti-money laundering watchdog—the Office for Professional Body Anti-Money Laundering Supervision (OPBAS)—has been launched in the UK. OPBAS, which sits within the Financial Conduct Autho...
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...
Andrew Bailey, FCA

30 October, 2017

FCA faces questions over sovereign-owned companies’ listing rule

A consultation that would see sovereign-owned companies allowed a premium listing on the London Stock Exchange is set to face further scrutiny from members of the House of Commons who have already exp...
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...
RBS

17 October, 2017

MPs slam RBS chief for ‘extraordinary outburst’ against business owners

Ministers have slammed RBS chief executive Ross McEwan for what they describe as an “extraordinary outburst” against business owners, in light of pressure for details of the bank’s former distre...

16 October, 2017

Opposition to listing rule changes continue to build

The UK's financial regulator is has come under further pressure to halt proposed changes that would allow sovereign owned companies to list on the London Stock Exchange. The changes are widely view...
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, ...