Regulatory

Andrew Bailey has claimed forging closer ties with the EU would boost growth as he backs the Prime Minister's plans. The Governor of the Bank of England stressed he remained politically neutral on Brexit before highlighting that less friction with nearby trade partners would inevitably help the econ

The Secretary of State for Scotland Douglas Alexander has claimed Scotland's financial services remains “scarred” by the financial crash, as he called for renewed confidence in the industry and greater collaboration between government and business to drive economic growth. Mr Alexander t

The Bank of England and Prudential Regulation Authority (PRA) are exploring reforms to modernise the credit union sector, focusing on driving growth, digital innovation and improving financial outcomes for members. Credit unions, which are member-owned organisations that typically focus on savings a

The Financial Conduct Authority has published the terms of what it describes as an independent review into its handling of whistleblower Simon Andriesz, who made protected disclosures to the regulator. The review will be led by Lea Paterson, a non-executive director of the FCA and former Bank of Eng

Crypto firm Zumo has signed an agreement with Quantum Chain to build digital asset services designed to withstand future quantum computers. The memorandum of understanding aims to support quantum-safe digital currency and asset management for central banks, banks and regulated financial institutions

Santander UK has told shareholders to expect more “efficiencies” this year after its profits slipped in the first nine months of the year, due to a drag from motor finance and restructuring costs. The group revealed a £179m increase in its motor finance provisions, booked in the fi

The financial services industry is worried about the impact of cyber security, operational resilience and dependence on external technology providers, as a new survey reveals growing dependence among firms on artificial intelligence (AI). A joint report by the Bank of England and the Financial Condu

Andrew Bailey has warned that British businesses are cutting costs and eating into their profit margins to cover rising energy costs. The Governor of the Bank of England said many businesses were reducing their headcount to avoid passing higher energy costs on to their customers.

Scottish crypto firm Zumo has joined forces with cloud-native core banking platform SaaScada to provide UK financial institutions a "ready-built" route into regulated crypto services. Zumo, will handle the crypto side, from custody and trading to Know Your Customer and Anti-Money Laundering checks o

As Baillie Gifford US Growth Trust warns that low turnout could hand Saba the board, ShareSoc says the real problem isn’t apathy but invisibility. ShareSoc, which represents more than 9,500 private investors, said the problem is more complex, explaining that shareholders don’t know they

The UK Government has launched a consultation on rewarding whistleblowers who report economic crime such as fraud and bribery. The Government’s move would bring Britain closer to the US model, where financial incentives are used to encourage whistleblowers who provide evidence that helps uncov

The Financial Conduct Authority (FCA) has urged firms to prepare for the UK’s new regulatory regime, warning that crypto-investors will not have access to the Financial Services Compensation Scheme (FSCS) for their digital asset investments. Val Smith, the FCA’s head of authorisations, p

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