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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.

Financial services firms in the UK are planning to boost IT spending to tighten up their cybersecurity, according to new data from PwC UK and the CBI. The latest results from the CBI/PwC Financial Services Survey 2021 show that 70% of firms plan to invest more over the next 12 months. This is almost

The role of accountancy and finance professionals has dramatically evolved in the pandemic, but only one in three think their current elevated status will be an enduring change, according to a global survey from the Association of Chartered Certified Accounts (ACCA) and PwC. The finance profession h

PwC has extended the number of equity partners in Scotland to 34 with two new admissions to the partnership bolstered by the relocation of two specialists in energy, and M&A tax advice. In addition, five new directors have been unveiled. Martin Cowie has relocated from Belfast to Aberdeen to hel

Big Four accountancy firm PwC has announced plans to recruit more than 4,000 additional staff in the UK as part of a $12 billion global plan to respond to technological disruption, fractured geopolitics, climate change and the enduring impacts of the COVID-19 pandemic. PwC yesterday unveiled its new

The financial services industry is in the midst of a significant transformation in electronic payments accelerated by the COVID-19 pandemic, according to a new report by PwC. Payments are increasingly becoming cashless, and the industry’s role in fostering inclusion has become a significant pr

Staff at Big Four accountancy firm EY will be allowed to work from home for at least two days per week after all coronavirus restrictions are eased. Yesterday, EY told UK employees that 17,000 staff would shift to a “hybrid working model” that mixed home and office working once social-di

PwC's Strategy& has published a new report urging banks to assess their strategies in the context of Environmental, Social and Governance (ESG). The report, 'ESG and Banking: A chance to rethink strategy, states that while there are already several purpose-driven banking organisations, like buil

The COVID-19 pandemic is making it harder for people living in Scotland to achieve better opportunities in life, according to new research by PwC, which suggests government and businesses must take radical action to avoid furthering inequalities in society. As Westminster and Holyrood Governments pl

PwC has named Fraser Wilson as head of financial services in Scotland, as the firm continues to build its presence in an industry worth £13 billion to the Scottish economy. A Glasgow-based partner, Mr Wilson replaces Allan McGrath, who has led the financial services practice over the last two

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

Almost half of Scots believe increased flexibility will become transformative to the way they work over the next three to five years, according to PwC’s Upskilling Hopes and Fears 2021 survey.

The Financial Conduct Authority (FCA) has launched its second consultation on introducing the UK Investment Firm Prudential Regime (IFPR) for FCA prudentially-regulated investment firms. The IFPR introduces a new prudential regime for MiFID investment firms regulated by the FCA. It will create a sin

The UK is leading the way across Europe in preparing for the adoption of an interbank digital currency, and is fifth in the world. However, a consumer offer remains some way off, according to new analysis by PwC.

Glasgow-based vegan subscription business TheVeganKind has raised £3.5 million in Series A Capital funding after being advised by PwC. Husband and wife co-founders, Scott and Karris McCulloch launched TheVeganKind subscription delivery box service in 2013 after identifying challenges associate