Regulatory

The Financial Conduct Authority (FCA) has today published its final report on the impact of the deadline for PPI complaints which highlights the outcome of the communications campaign which ran for two years. During that time, the campaign was recognised by 32 million people. It significantly increa

The Financial Conduct Authority (FCA) has announced another proposed package of measures targeting motor finance and high-cost credit agreements, which include: high-cost short-term credit (including payday loans), buy-now-pay-later (BNPL), rent-to-own (RTO) and pawnbroking.

The Financial Conduct Authority (FCA) has revealed that regulated firms have received a total of 6.02 million complaints in the second half of 2019, marking an increase from 4.29m in the first half of the year.  The FCA said that the increase in complaints was mainly driven by a 75% increase in

Gordon Deane, a partner with legal firm Balfour+Manson, discusses the Financial Conduct Authority's (FCA) guidance on temporary consumer protection in the face of the current coronavirus crisis. The Financial Conduct Authority has implemented temporary measures to offer support to consumers imp

A temporary payments freeze on loans and credit cards for up to three months are amongst a package of targeted temporary measures confirmed by the Financial Conduct Authority (FCA) today to help people negatively affected by the coronavirus pandemic. Following a short consultation, the FCA will

Accountancy firm Grant Thornton has reported a 90% drop in its audit profits after facing a difficult year where it was put under an investigation by the Financial Reporting Council (FRC). Grant Thornton made a £1 million profit from audits in the 18 months to January 2020, a decrease from &po

The Financial Conduct Authority (FCA) has announced a series of measures to help listed companies to raise new funding while retaining an appropriate degree of investor protection. 

The Financial Conduct Authority (FCA) has today set out its business priorities for the year ahead – with a specific focus on the challenges presented by the coronavirus pandemic. In responding to the challenge of coronavirus the FCA will focus on ensuring that financial services bus

The Financial Conduct Authority (FCA) has called for lenders to offer a temporary payment freeze on loans and credit cards for up to three months for consumers facing financial difficulties as a result of coronavirus. The watchdog has also called for arranged overdrafts up to £500 to be charge

The Financial Reporting Council (FRC) has imposed sanctions against KPMG, ordering the audit firm to pay £700,000 for audit quality breaches. The watchdog has imposed the sanctions against KPMG and Nicola Quayle, the former senior partner for KPMG's Manchester office, in relation to the statut

In response to the current COVID-19 situation, the Financial Conduct Authority (FRC), Financial Reporting Council (FRC) and Prudential Regulation Authority (PRA) are today announcing a series of actions to ensure information continues to flow to investors and support the continued functioning of the

The Financial Reporting Council (FRC) has today issued revised Standards for Investment Reporting (SIRs) 1000-5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code. The FRC has urged that Reporting Accountants (RA

The Financial Reporting Council (FRC) has today launched a consultation on the proposed adoption in the UK of International Standard on Assurance Engagements (ISAE) 3000, Assurance Engagements Other Than Audits or Reviews of Historical Financial Information. The FRC is proposing that compliance with

The Financial Reporting Council (FRC) has highlighted the step change in the increased use of technology in the audit industry to improve the efficiency and quality of audits.

Banks are increasing the cost of personal loans and overdrafts as millions of people plunge into financial difficulty because of the coronavirus pandemic.