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.

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...

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...
Financial reports, financial reporting, financial regulation, technology

20 February, 2018

Smarter regulatory reporting consultation launched

Views on how technology can make it easier for firms to meet their regulatory reporting requirements and improve the quality of the information they provide are being sought by the UK’s Financial Co...
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 ...