Regulatory

1-15 of 310 Articles
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The Financial Conduct Authority (FCA) is set to launch two market studies and gather further information to investigate access to wholesale data. In response to a Call for Input, the FCA heard concerns that limited competition in the markets for benchmarks and indices, credit ratings and trading dat

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Jon Holt, the chief executive of KPMG, has admitted that the Big Four firm misled the Financial Reporting Council (FRC) over its audit of collapsed outsourcer Carillion. In a statement released on the first day of a five-week disciplinary tribunal over the behaviour of the firm and six former employ

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Andrea Coscelli, the chief executive of the Competitions and Markets Authority (CMA), has confirmed he will step down from the role at the end of his current term in July 2022. Dr Coscelli joined the CMA as an Executive Director when it was created in 2013 and he has held the position of Chief Execu

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HMRC is urging businesses to take steps to prepare for Making Tax Digital for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year. Making Tax Digital is designed to help businesses eliminate common errors and save time managing their tax affairs

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The Financial Reporting Council (FRC) has fined Mazars £314,000 for failing to comply with the Regulatory Framework for Auditing in its audit of a local government authority’s 2019 financial statements. The FRC's Enforcement Committee found failures in the reviewed audit, which it consid

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The Prudential Regulation Authority (PRA) has fiend Metro Bank £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position. The bank has also been fined for failings in its regulatory reporting governance, controls and invest

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The Prudential Regulation Authority (PRA) has fined Standard Chartered Bank (SCB) £46.55 million for failing to be open and cooperative with the PRA and for failings in its regulatory reporting governance and controls in relation to a tailored PRA liquidity expectation. This is the PRA’s

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The UK's insolvency sector is set to be governed by an independent regulator with new powers to seek compensation for victims of malpractice under government proposals to be announced today. UK Ministers are planning to impose tougher regulations for insolvency firms and practitioners after allegati

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The Financial Conduct Authority (FCA) has fined HSBC £63,946,800 for failings in its anti-money laundering processes. HSBC used automated processes to monitor hundreds of millions of transactions a month to identify possible financial crime. However, the FCA found that three key parts of HSBC&

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NatWest has been fined £264.8 million following convictions for three offences of failing to comply with money laundering regulations. Mrs Justice Cockerill, the sentencing judge at Southwark Crown Court, yesterday said: “….it must be borne in mind that although in no way complici

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The Financial Reporting Council (FRC) is "encouraged" by reporting by applicants on stewardship, according to a new report which analyses reports from the first signatories to the revised Code published in September 2021. According to the report, 'Effective Stewardship Reporting: Examples from 2021

1-15 of 310 Articles
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