Regulatory

Scores of people could be entitled to significant compensation payouts after being sold interest-only mortgages which put them at risk of being forced to move in order to pay off loans.

The International Auditing & Assurance Standards Board (IAASB) has appointed the Financial Reporting Council’s (FRC) Josephine Jackson to its board. Her appointment will commence on 1 January 2020 and will be for an initial term of three years. Ms Jackson is the FRC’s technical

St James's Place Wealth Management (SJP) has today announced its acquisition of the Linlithgow-based financial advice firm Policy Services Ltd (PSL). PSL has been a longstanding provider of administration, fee reconciliation and advice services to partners of SJP and their clients who hold non-

The Financial Reporting Council (FRC) has announced sanctions against Grant Thornton UK LLP. The sanctions are held against Grant Thornton and one of its Audit Engagement Partners in relation to the statutory audit of the 2016 financial statements of a publicly listed company.

The Bank of England, Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have today published a shared policy summary and co-ordinated consultation papers (CPs) on new requirements to strengthen operational resilience in the financial services sector. Building the operat

New analysis from Which? reveals that banks suffer five IT failures every week, shutting millions of customers out of accounts and making payments.

Alistair Greig has appeared in court after being accused of defrauding hundreds of investors out of £13 million through an illegal “Ponzi” scheme.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of Scottish Boatowners Mutual Insurance Association (SBMIA) £78,318 and £76,180 respectively. The regulators found that between February

The Financial Conduct Authority (FCA) has been forced to take action at its headquarters in Stratford in London, due to 'shameful' sanitary conditions. In a letter to staff posted on the FCA's intranet and seen by The Standard, Georgina Philippou, FCA's chief operating officer, said she was horrifie

The Financial Conduct Authority's (FCA) new rules in the Buy Now Pay Later (BNPL) industry came into force yesterday. The FCA believes that the new rules will save customers between £40-60 million a year in interest payments.

Companies applying the new standard on lease accounting need to provide more information on its effects, according to a new report by the Financial Reporting Council (FRC). The FRC has reviewed the interim reports of 20 companies applying International Financial Reporting Standard 16 (IFRS) ‘L

Andrew Johnston has been appointed to the Financial Reporting Council’s (FRC) Conduct Committee alongside Colin McCarthy-Little, who has been appointed to the FRC's Audit Quality Review Committee. Mr Jonston's term commenced on 1 November 2019 and he replaces Martin Slack who stepped down on

The Financial Reporting Council (FRC) has published its year-end advice to audit committee chairs and finance directors. In an end-of-year letter to audit committee chairs and finance directors, chief executive Sir Jon Thompson is reminding them to consider the FRC’s view on key matt

Grant Thornton has cut pay for its partners and delayed its accounts following a difficult year where it was investigated by the Financial Reporting Council (FRC) for unacceptable performance on audits. The average profit per equity partner fell by £20,000 to £323,000 for the year to Jun

The Financial Reporting Council (FRC) has today set out its expectations for corporate reporting to improve trust in business. In an open letter to all audit committee chairs and finance directors, the FRC has called for improvements to corporate reporting.