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The Financial Conduct Authority (FCA) has fined TSB Bank plc (TSB) £10,910,500 for failing to ensure customers who were in arrears were treated fairly.

The Financial Reporting Council (FRC) has updated its guidance for actuaries using artificial intelligence and machine learning (AI/ML). The revised guidance helps actuaries apply the principles of Technical Actuarial Standard 100 (TAS 100) when using these techniques, ensuring the continued product

The Financial Conduct Authority (FCA) has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also said Starling repeatedly breached a requirement not to open accounts for high-risk customers.

The Financial Conduct Authority (FCA) is has announced plans to strengthen protection for customers of payments and e-money firms in case of business failure. Use of payments firms has grown in recent years, but the FCA says it continues to see poor safeguarding practices from firms.

The Scottish Financial News website will be temporarily offline for scheduled maintenance this Sunday 22nd September from 2pm. This downtime will allow us to make a suite of website improvements for the benefit of our readers.

The Financial Conduct Authority's (FCA) has revealed marked improvements in its authorisations process, with 98% of cases now assessed within statutory deadlines, in its latest annual report.

The Financial Conduct Authority (FCA) has called on banks and other financial institutions to enhance their efforts in aiding individuals struggling to obtain a bank account.

The Financial Reporting Council (FRC) has issued a record £48.2 million in fines last year, surpassing the previous year's total. This increase is due to the conclusion of several high-profile cases, including investigations into the audits of collapsed contractor Carillion and the scandal-hit

The Financial Conduct Authority (FCA), working with the Metropolitan Police Service, has conducted an operation to arrest two individuals, aged 38 and 44, suspected of running an illegal cryptoasset exchange. More than £1 billion of unregistered crypto assets are believed to have been bought a

The Financial Reporting Council (FRC) has fined Grant Thornton UK LLP £40,000 for failing to comply with auditing frameworks for a local authority's pension fund.

The Financial Conduct Authority (FCA) has published new proposals to require personal investment firms (PIFs) to set aside capital so that they can cover compensation costs when consumers are harmed. The proposals, which are now out for consultation, would require PIFs – also often referred to

A review by the Financial Conduct Authority (FCA) has found that while most Authorised Fund Managers (AFMs) have made efforts to comply with the FCA’s expectations on the design, delivery, and disclosure of their ESG and sustainable funds, further improvement is needed. The FCA is publishing t

The Financial Reporting Council (FRC) has published the 21st edition of its Key Facts and Trends (KFAT) report, providing the latest statistical information and trends on the UK accountancy and audit profession. This year's report highlights continued growth in accountancy membership, with nearly 40

The Financial Reporting Council (FRC) has announced the Audit Committees and the External Audit: Minimum Standard, which comes after careful consideration of the consultation responses received from stakeholders.The consultation on the draft proposal for the Minimum Standard was launched by the FRC

The Financial Reporting Council (FRC) has commenced an investigation in relation to the audit conducted by Deloitte of the consolidated financial statements of Joules Group plc. The investigation concerns the audit conducted byt he Big Four firm for the year ended 30 May 2021.