Accountants and business & financial advisers Armstrong Watson LLP have announced that Karen Thomson, director of group payroll services, has been promoted to the role of partner and becomes only the second known payroll partner of an accountancy firm in the whole of the UK. Ms Thomson has
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FNZ, the global financial services technology firm which employs over 300 people in its Edinburgh office, is to expand its global graduate programme as it looks to attract new talent to drive its strategy for growth. The fintech giant, which employs more than 1,500 people around the world, has recen
Scotgold Resources, the gold exploration and production company focused on Scotland, has appointed industry veterans Sean Duffy and Evan Spencer to its board. Sean Duffy joins as chief financial offer, while Evan Spencer will take up the role of non-executive director and chairman of the technical c
Paul Scullion, senior associate in the corporate financial team at Burness Paull, discusses government support for early-stage and high-growth businesses. A recurring theme in response to the various coronavirus-related financial support measures announced by the UK and Scottish Governments thus far
Wholesale financial businesses involved in retail markets will find it easier to comply with the Consumer Duty, following proposals from the Financial Conduct Authority (FCA).
The Financial Conduct Authority (FCA) has chosen four companies – Monee Financial Technologies, ReStabilise, Revolut and VVTX – to test how their stablecoin services work with proposed regulation in a safe environment. The Regulatory Sandbox programme allows firms to trial stablecoin pro
Public sector financial leadership has to navigate a complex and high stakes environment markedly different from a decade ago. In a research paper ACCA (the Association of Chartered Certified Accountants) sets outs five key principles driving finance professionals in leadership roles.
The Financial Conduct Authority (FCA) is proposing streamlining the rules on the types of funds investment firms must hold to absorb losses and maintain financial resilience during periods of stress. The proposals do not change the rules about how much capital firms must hold but focus on simplifyin
The Financial Reporting Council (FRC) has launched an investigation into EY's audits of the Post Office for the financial years 2015 to 2018. The probe stems from the ongoing fallout of the Horizon IT scandal, which saw hundreds of sub-postmasters wrongfully convicted based on faulty software data.
The Financial Conduct Authority (FCA) has revealed plans to significantly expand its regional presence, aiming to double the headcount across its Edinburgh and Leeds operations to over 1,000 staff within five years. This expansion supports the regulator's new five-year strategy focused on deepening
The Financial Conduct Authority (FCA) has launched a new 5-year strategy to deepen trust, rebalance risk, support growth and improve lives. The FCA will focus on four priorities:
The Financial Conduct Authority (FCA) has abandoned its controversial proposals to publicly announce investigations into regulated firms, following significant backlash. The regulator will maintain its current policy of only publicising investigations in "exceptional circumstances", a major U-turn f
The Financial Reporting Council (FRC) has launched a market study examining how effectively the audit market serves small and medium-sized enterprises (SMEs) and exploring opportunities to reduce their reporting burden where possible. This study is the first phase of the FRC’s broader campaign
The Financial Reporting Council (FRC) has told audit firms in the UK to report any plans to sell stakes in their businesses to private equity. Richard Moriarty, chief executive of the FRC, wrote this week to the bosses of the UK’s top accounting firms stating that the FRC was not against
ACCA has called on Kier Starmer's new government to prioritise financial and economic policies within its first 100 days in office. The global accounting body says the government should specifically focus on improving HMRC services, encouraging domestic and international investment, and supporting s
