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The Joint Regulatory Oversight Committee (JROC) has appointed Bryan Zhang as independent chair of the newly set-up strategic working group (SWG). The committee, led by the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) and including the CMA and HM Treasury, announced the forma

The Financial Reporting Council (FRC) has fined PwC £2.5 million and handed out a £60,000 fine to audit partner Richard Hughes. The verdict comes after an investigation revealed failings in PwC's 2017 audit of BT Group Plc after the discovery of £512m fraud.

A report has revealed that the over-50s are being hit hardest by the current financial crisis and could face a lifetime of financial insecurity. According to the report, economic inactivity rates have risen a third amongst the over 50s since 2019, and people aged 50-54 face double the financial vuln

The Financial Conduct Authority (FCA) has finalised stronger rules to help tackle misleading adverts that encourage investing in high-risk products.

The Financial Conduct Authority (FCA) has fined three former executive directors of Carillion as part of its public censure on the firm.

Lloyds group has reported a pre-tax profit of £3.7 billion for the first half of 2022, a result that beat expectations.

New data from financial mutual Scottish Friendly has revealed that investment activity in Scotland fell to its lowest level in nearly three years during the second quarter of 2022. The Scottish Friendly Investor Index tracks sales of adult investment ISA policies and the total value of these new pol

KPMG has been fined £20 million by the Financial Reporting Council (FRC) for its audits of Carillion and Regenersis. The £20m fine, which is the largest the big four firm has received in the UK, is part of sanctions for misconduct of audits carried out by KPMG for Carrilion and Regenersi

The Financial Reporting Council (FRC) has published its annual report and accounts outlining the progress made over 2021/22 towards transitioning to the new independent regulator, the Audit, Reporting and Governance Authority (ARGA). The report sets out the achievements over the past year, incl

Nearly 600,000 people are now paying less in interest and charges on their credit card debt because of changes made by the Financial Conduct Authority (FCA). In its Annual Report, published today, the FCA has set out how it has worked over the past 12 months to meet its objectives of protecting cons

A Dundee gym has closed down this week due to financial difficulties.

The auditor of now-collapsed Laura Ashley, UHY Hacker Young (UHY), has been fined £300,000 by the Financial Reporting Council (FRC) for failing to highlight serious financial issues at the design company and its imminent danger of collapse. The FRC issued a Final Settlement Decision Notice and

Audit, tax and consulting firm RSM UK has sponsored a prize which recognises the top student in Financial Accounting Stage 2 on the BA (Hons) Accounting and Finance degree programme at Robert Gordon University. Second-year student Arran Robertson was awarded the prize, after achieving the highest ov

The Financial Conduct Authority (FCA) has told banks they must treat small business customers fairly when collecting and recovering debts.

HM Treasury has today announced the appointment of Ashley Alder as the new chair of the Financial Conduct Authority (FCA). Mr Alder is currently chief executive officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011. He also chairs the Board of the Interna