The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank (TSB) a total of £48,650,000 for operational risk management and governance failures, including management of outsourcing risks, relating to the bank’s IT upgrade programme. Technical
The Financial Reporting Council (FRC) has today reiterated the need for high-quality disclosures from companies during periods of economic uncertainty. To support more informed decision-making, companies must ensure that investors and other stakeholders receive reliable information about a company&r
In a bid to clamp down on greenwashing, the Financial Conduct Authority (FCA) is proposing a package of new measures including investment product sustainability labels and restrictions on how terms like ‘ESG’, ‘green’ or ‘sustainable’ can be used. The measures are
Raymond Esslemont, an Aberdeen businessman, faces jail time after pleading guilty to tax evasion totalling more than £350,000. It has been reported that the 70-year-old was too sick to appear at Aberdeen Sheriff Court on Friday, but admitted four charges of scamming the authorities between 200
A Financial Conduct Authority (FCA) review of business interruption claims handling has welcomed insurers quickly paying out interim payments, reallocating resources quickly and proactively communicating with policyholders to help them with claims following the test case judgment handed down by the
The Financial Reporting Council (FRC) has published a report on Navigating barriers to senior leadership for people from minority ethnic groups in FTSE 100 and FTSE 250 companies. The report shows that, while there are still significant challenges to be addressed, the need for change has been taken
The Financial Conduct Authority (FCA) is concerned that as pressure mounts on household budgets some customers may cut-back on the insurance they need, leaving them without protection.
Labour has called for a Financial Conduct Authority (FCA) probe into the handling of the Mini Budget after hedge fund managers bet on the fall of the Pound vs the US Dollar, making big profits. The call from shadow city minister, Tulip Siddiq, came amid speculation that some hedge fund bos
The Financial Conduct Authority (FCA) has warned firms that offer Buy Now Pay Later (BNPL) products that although some agreements are unregulated, the financial promotions of all BNPL products must comply with the financial promotion rules.
BDO: Scottish companies face exposure to unpaid tax and penalties over Plastic Packaging Tax registration
Almost a third (28%) of affected mid-sized businesses in Scotland have yet to register for the newly-introduced Plastic Packaging Tax (PPT), more than four months since it came into force. According to research by accountancy and business advisory firm, BDO LLP, 15% of those yet to register use more
The National Fraud Initiative (NFI) has published its latest report which has identified £14.9 million of public sector fraud in 2020/21.
The All Party Parliamentary Group (APPG) for the UK Crypto and Digital Assets sector has launched an inquiry into the UK's cryptocurrency and digital assets sector.
The Financial Conduct Authority (FCA) has confirmed new rules to make authorised financial firms more responsible for their appointed representatives (ARs).
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.