Andrew Bailey has warned that populist political movements pose a "serious challenge" to the Bank of England's independence, cautioning that institutions seen to stand in the way of popular will risk being branded an "unrepresentative elite." The Governor of the Bank of England was speaking at the L
Regulatory
Restructuring, turnaround and insolvency professionals expect artificial intelligence (AI) to reduce administrative burdens, according to new research. The report, The impact of AI in restructuring, turnaround and insolvency practice, by R3 in association with Alph4, reviewed how professionals in th
Chancellor John Healey is facing "sleepless nights" over a growing "inflation monster" due to surging oil prices, rising interest rate expectations and spikes in government gilt yields threatening markets on both sides of the Atlantic ahead of his inaugural Budget. High borrowing costs are expected
Hedge funds, insurers and pension funds across the City are scrambling to close out internal misconduct investigations before new FCA rules, designed to stop so-called "rolling bad apples", take effect next month. The term refers to rogue employees who move between firms without ever facing conseque
Young investors trust AI tools more than TV or influencers, according to new research. Data from the Financial Conduct Authority (FCA) found that 56% of 18-40 year-olds who own or are considering investments trust AI tools, compared with 47% for TV and radio, 46% for news media (down one percentage
The Financial Conduct Authority (FCA) has been urged to overhaul self-invested personal pension (SIPP) data practices and coordinate with HMRC and the DWP to address systemic blind spots. The watchdog's proposals follow 22 SIPP operator failures between 2011 and 2023, that left investors with £
The Society of Pension Professionals has warned that millions risk a retirement shortfall because UK policy treats pensions and housing separately. The paper, titled Home Truths: Rethinking Retirement Wealth, highlights a critical structural mismatch in the UK economy.
London Market Group (LMG) has called on the UK Government to add a "ratcheting mechanism" to prevent complacency in the sector as part of the Financial Services and Markets Bill. The trade body proposed changing clause 17 of the draft bill, currently making its way through the House of Commons, in a
The Financial Conduct Authority (FCA) has warned financial firms that further action is required to prevent sanctions breaches, despite noticeable progress being made across the industry.
The Financial Reporting Council (FRC) has finalised its 2025/26 annual review of FRS 101, concluding that no major structural changes are required for the reduced disclosure framework.
UK financial firms can now move forward with tokenisation and distributed ledger technology (DLT) with greater confidence, following a joint announcement from the Financial Conduct Authority (FCA) and the Bank of England setting out a shared vision for the future of wholesale markets.
The Financial Conduct Authority (FCA) is reviewing how consumer investment firms support bereaved customers, amid concerns that fewer than half (47%) of bereaved customers felt they received the support they needed from financial firms.
The Financial Conduct Authority has launched a market-wide review into claims management companies (CMCs) and law firms, citing mounting concerns that consumers are being let down by aggressive marketing, misleading advertising and unfair exit fees.
The Financial Reporting Council (FRC) has published the final revisions to two cornerstone UK auditing standards governing how auditors approach fraud risk and the assessment of an entity's ability to continue as a going concern. The updated standards, ISA (UK) 240 and ISA (UK) 570, were issued on 3
The Financial Conduct Authority (FCA) has carried out its first operation with partners to disrupt illegal peer-to-peer crypto trading across multiple London locations.
