Regulatory

The Financial Conduct Authority (FCA) Board has appointed Liam Coleman as chair of the Financial Ombudsman Service, with the approval of the Treasury. Mr Coleman will take up the permanent role on 10 October 2026 for a 3-year term, having served as interim chair for the last year.

The Financial Conduct Authority (FCA) has admitted it has to be "careful" over proposed changes to the listing rules following the recent campaigns by US activist investor Saba Capital Management. The regulator said it was looking into reforms to help manage conflicts of interest involving activist

The Financial Conduct Authority's (FCA) chair, Ashley Alder, faced calls to resign at the regulator's first public annual meeting in Edinburgh, as whistleblowers and campaigners challenged its decision to let one of its own non-executive directors investigate how it dealt with Simon Andreisz before

The Financial Conduct Authority has launched a probe into the treatment of Epstein whistleblower Simon Andriesz after he took his own life. The British Banker highlighted alleged links between the late sex offender Jeffrey Epstein and US commerce secretary, Howard Lutnick. Transparency Task Force co

Wirecard whistleblower Pav Gill has launched a new agentic governance platform bringing governance, risk and compliance (GRC) into one system to end reliance on a "patchwork of disconnected point solutions". Confide will give professionals a shared environment in which to set the standard for how GR

The Financial Conduct Authority's head of innovation Colin Payne has revealed how they helped Baillie Gifford launch their new digital asset fund in nine months. The Edinburgh-based investment manager worked with the regulator on the development of a tokenised UK fund, Baillie Giffords Enhanced Yiel

The UK has a major opportunity to lead the next wave of innovation in financial services, according to the Financial Conduct Authority's head of innovation, Colin Payne. He said the regulator is attempting to create an environment where companies can develop artificial intelligence, quantum and even

Experts have warned that Scotland's financials services industry faces "economic risk" if policy fails to adapt in line with the changing nature of the industry. In a new report by the Scottish Digital Trust Centre of Excellence, it called for Scotland to act quickly to make the most of the increasi

UK crypto-as-a-service platform Zumo has launched a new UK Cryptoasset Regulation Tracker to help crypto firms and other financial institutions better align with incoming regulatory obligations. With the Financial Conduct Authority’s (FCA) authorisation gateway opening on September 30, firms a

A legal expert has warned the Financial Conduct Authority's (FCA) plans to update rules to stop companies using loopholes in regulation to take over investment trusts will fail to stop shareholders repeatedly requisitioning meetings. The warning comes as Baillie Gifford US Growth Trust prepares to f

FirstGroup has announced the completion of its £90m group section pension liabilities buy-in.  The Aberdeen-headquartered company said around £22m of its group section escrow had been utilised to complete the transaction. The group said that £17.5m had been returned to the gro

Financial services firms have shut down hundreds of thousands of suspected money mule accounts but need to do more as criminals continue to shift dirty money through multiple bank accounts, according to the Financial Conduct Authority (FCA). The FCA found in a survey that firms have closed

The Society of Pension Professionals (SPP) has warned that millions of self-employed people are being left without a route into pensions. A new paper by the SPP, titled The Missing Millions: Rethinking Pension Policy for the Self-Employed, calls for a fundamental rethink of how the UK helps people w

Nigel Green has claimed that the UK could be “Truss’d” in a stark warning as gilt yields surge, drawing comparisons with the market turmoil that followed Liz Truss’s mini-budget in 2022. The chief executive of deVere Group, one of the world’s largest independent financi

Chancellor John Healey faces a £3.5bn borrowing overshoot in August ahead of his inaugural Budget. The government was expected to borrow around £14.8bn in August, according to the OBR, while the market consensus was around £15.6bn. Actual borrowing reached £18.3bn.