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The Financial Conduct Authority (FCA) has today made a commitment to be a more, innovative, adaptive and assertive regulator. The commitment reflects the FCA’s Business Plan for 2021/22, the first annual plan since Nikhil Rathi joined the FCA as chief executive in October 2020.

Scottish accountancy firm Douglas Home & Co has reported steady growth despite the pandemic, insisting that a relentless focus on customer service has paid dividends for the business. As well as recording a 4% rise in turnover to £4 million for the financial year 2020/21 - despite the impa

The COP26 summit offers an opportunity for Scotland to put the global spotlight on green finance, writes Sandy Begbie. Over the last decade the financial services sector has faced many challenges. From the reputational damage of the 2008 financial crisis through to adapting to a new post-Brexit trad

The Financial Conduct Authority (FCA) has launched a consultation on potential reforms to the UK Markets in Financial Instruments Directive (MiFID). Alongside the Treasury, the regulator is considering reforms to capital markets looking at changes to the UK’s regulatory regime to ensure t

Label Ventures, the Edinburgh-based startup that connects leading financial services brands to the world's most pioneering creatives and tech teams, is launching a new London base on May 3 as it rolls out its international expansion plans. The London team will be led by Paul Bowman, a founding partn

Tributes have been paid to Scottish Friendly's chief executive Jim Galbraith who has passed away. The Glasgow-based financial mutual issued a statement on its website yesterday which said: "It is with great sadness that today we announce the passing of Scottish Friendly’s Chief Executive Offic

The accountancy profession’s role in building and maintaining a sustainable recovery in these challenging times is the focus for ACCA (the Association of Chartered Certified Accountants) over October, November and December 2020. In its new campaign, Rethinking business for a sustainable recove

HSBC has halted issuing COVID-19 loans to new business customers as it struggles to meet the demand for Government-backed financial support.

Tesco has announced that its chief financial officer Alan Stewart has decided to retire from the company on 30 April 2021. Mr Stewart joined Tesco in September 2014 and, as a member of the board and executive committee, has played an instrumental role in the turnaround of Tesco.

The Scottish Government has announced a one-off £75 million increase in funding for Scotland’s universities to ensure they can protect their world-leading research programmes against the financial impact of COVID-19. The significant intervention will help secure the jobs and training nee

A new review has been launched into claims by two businessmen that the Royal Bank of Scotland (RBS) nearly drove them to bankruptcy. The allegations, which have been staunchly denied by RBS focus on the bank's now-inoperative Global Restructuring Group (GRG), which was found to have mistreated thous

Reporting on workforce-related issues needs to improve to meet investor needs and reflect modern-day workforces, according to a new report from the Financial Reporting Council’s (FRC) Financial Reporting Lab. Workforce-related matters such as working conditions, changing contractual arrangemen

Hampden & Co has received £30 million of Smith & Williamson loan book following the decision made in 2019 for the financial and professional services group to relinquish its banking licence. The private bank also expects to build its relationship with Smith & Williamson and its cli

To support the delivery of high-quality audit in the UK, the Financial Reporting Council (FRC) has today issued a major revision to its Ethical Standard and revised Auditing Standards. The changes will help to strengthen auditor independence, prevent conflicts of interest and ensure the UK is seen a

Highland Spring has blamed the impact of rising costs for the decrease in profits experienced by the firm in its most recent financial year. The company saw pre-tax profits dive to £520,000 for the year ended December 31st, a decrease from £3.3 million last time, as it struggled with the