Regulatory

106-120 of 409 Articles
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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

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The Financial Conduct Authority (FCA) has today confirmed a series of rule changes to ensure that the UK’s public markets remain a trusted and attractive place to list successful companies, providing opportunities for companies to grow from which investors will benefit. The reforms address, an

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The Financial Conduct Authority (FCA) has reformed its decision-making process to ensure it can make faster and more effective decisions for consumers, markets and firms. As part of its transformation to a more innovative and assertive regulator, more decisions will be taken by the FCA’s senio

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The Financial Conduct Authority (FCA) is proposing that firms offer a new 'default' investment option to help non-workplace pension customers save for their retirement. Currently, non-workplace pension customers have to choose their own investments from an increasingly wide range of options. This co

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UK auditors are showing poor professional judgment in a number of cases and must improve their standards, according to a new report published by the Financial Reporting Council (FRC). In the latest Developments in Audit 2021 report, the FRC revealed that for the third year running around 30% of audi

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A new report from the Financial Reporting Council (FRC) has set out the key elements required by audit firms to ensure they are delivering high quality audit. The FRC’s report, What Makes a Good Audit?, highlights the six key attributes that contribute to the running of high-quality audit prac

106-120 of 409 Articles
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