whistleblowing

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...

6 July, 2018

Regulators demand IT security plans from financial services firms

Financial services firms have been given three months to show regulators how their IT systems will manage the risk of cyber-attack or changes in technology. The Bank of England, Financial Conduct A...
climate change, sustainability

19 June, 2018

Pension fund trustees to report on climate change policies

UK pension fund trustees will be required to publish reports explaining how their investment policies integrate sustainability concerns. The Department for Work and Pensions (DWP) yesterday announc...
London Stock Exchange, LSE

8 June, 2018

UK listings rules for sovereign companies to change

UK company listings are to be reformed to allow a new premium category for companies controlled by sovereign shareholders. The Financial Conduct Authority (FCA) announced the change following a con...

29 March, 2018

Watchdog to review Aviva’s plan to cancel preference shares

Aviva could face a regulatory probe over efforts to cancel £450m in preference shares. The Financial Conduct Authority (FCA) has confirmed in a letter to a powerful House of Commons committee that...

28 March, 2018

Gove told financial regulators should get tough on climate risk reporting

Climate change reporting must be embedded into UK regulators’ remit, a parliamentary committee has recommended to environment secretary Michael Gove MP. The key finance bodies—the Financial Con...
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.
whistleblowing

16 March, 2018

Whistleblowing: the problem with speaking out

Last year, the UK’s Financial Conduct Authority received information from 900 whistleblowers. The Care and Quality Commission received more than 7,000 disclosures from whistleblowers. ...
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...