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David Hamilton and Stacy Keen, financial crime specialists at Pinsent Masons, write about the changes the Financial Conduct Authority (FCA) has recently introduced to tackle breaches of sanctions and how businesses may be affected. The risk to businesses of sanctions enforcement has become more acut

Richard Lloyd OBE has become interim chair of the Financial Conduct Authority (FFCA). Mr Lloyd, who joined the FCA board in April 2019 and has been senior independent director, chair of the board risk committee and chair of the oversight committee, takes over from Charles Randell CBE, who stood down

Sir Jon Thompson, the chief executive of the Financial Reporting Council (FRC) has called the overhaul of the UK's audit regime a "missed opportunity" to improve internal controls in a proportionate UK-specific manner. Yesterday, the UK Government said that its revamp of the UK's corporate reporting

The Executive Counsel of the Financial Reporting Council (FRC) has imposed sanctions against KPMG and Anthony Sykes, an audit engagement partner, in relation to the statutory audit of the consolidated financial statements of Rolls-Royce Group plc for the financial year ended 31 December 2010. The fi

Jamie Gray, an expert in financial services law, has been appointed as a partner at Burness Paull. Mr Gray, who joins from Addleshaw Goddard, advises banks, investment firms, corporate finance and private equity houses, technology companies, platforms and trading facilities, payment services provide

Last week, Scottish Financial News reported that Big Four firm PwC is offering shorter working hours on a Friday over the summer. Chris Phillips, employment law partner at Thorntons Solicitors comments. The idea of shortening or flexing hours for staff over the summer is great in principle and, as l

While businesses in Scotland and across the UK saw signs of early financial distress plateauing in the first quarter of 2022, Ken Pattullo, who leads independent business rescue and recovery specialist Begbies Traynor in Scotland, is warning businesses to batten down the hatches in the face of globa

The Executive Counsel of the Financial Reporting Council (FRC) has imposed sanctions against Deloitte and John Charlton, one of the firm's audit engagement partners, in relation to the statutory audit of the financial statements of Mitie Group plc, for the financial year ended 31 March 2016. Deloitt

Stephen McGee has taken over as chief executive of financial mutual Scottish Friendly following regulatory approval. McGee will replace acting CEO Martin Pringle, who has temporarily been in charge of the business since the passing of Jim Galbraith in April 2021.

BDO LLP has been confirmed as the latest occupier at BAM TCP Atlantic Square Limited’s 2 Atlantic Square, located on York Street in Glasgow’s International Financial Services District.

The Scottish Building Society, the world’s oldest remaining building society, has posted record results for the financial year ended 31 January 2022. Established in 1848, the mutual has seen its balance sheet grow by nearly 40% in the last two years, leading to a pre-tax profit of £2.4 m

Aberdeen-headquartered developer and operator of environmental technology solutions SEM has announced the appointment of Adrian Morley as its new chief financial officer (CFO), as the business is poised for significant global growth. Adrian Morley will play a critical role in ensuring that the busin

Glasgow-based fintech Guiide has appointed Michael Power, former CEO of Delta Financial Systems Ltd, as its new non-executive chairman. Having previously founded, grown, and scaled up Delta Financial Systems from a startup to its sale in 2020 to ASX-listed Bravura Solutions, Mr Power's expertise in

The abrdn Charitable Foundation (aCF) and UNESCO have today announced a three-year partnership to promote environmental sustainability through research and education with the goal of developing innovative solutions to environmental problems. As the first financial services company to enter into a pa

Edinburgh-based Smart Data Foundry, a financial data collection organisation, has appointed Frank Gauld as its new CEO. Bringing a wealth of global Financial Services and FinTech experience, Frank Gauld will drive the strategic direction of the organisation tasked with spearheading safe data sh