• January 24 2024
  UK mis-selling

  UK auto lenders could face £13bn bill after FCA probe into commissions

  Shares in Lloyds and Close Brothers fell on estimated exposure to compensation claims

  
• January 22 2024
  FRC imposes extra duties on UK company directors

  Overhaul of rules falls well short of original proposals floated in wake of several high-profile corporate failures

  
• January 19 2024
  US financial regulation

  AI heralds the next generation of financial scams

  Voice cloning is just one of the new tools in the tricksters’ armoury

  
• January 18 2024
  House of Lords creates body to oversee UK financial regulators

  New committee follows mounting concern about extra powers accrued by watchdogs following Brexit

  
• January 17 2024
  UK financial regulator to probe firms on sexual misconduct and bullying claims

  FCA’s move aimed at increasing diversity after industry-led efforts yielded little progress

  
• January 11 2024
  FCA launches probe into historic commission agreements by motor finance groups

  UK financial regulator responds to surge in compensation claims that predate 2021 ban on such arrangements

  
• January 11 2024
  Wyelands Bank PLC

  BoE fines former chief of Wyelands for ‘multiple’ failings

  Prudential Regulation Authority’s penalty comes after it censured lender owned by steel magnate Sanjeev Gupta

  
• January 11 2024
  UK banks

  UK Treasury spares banks from pre-funding deposit guarantee scheme

  Government outlines ‘modest’ proposals to strengthen resolution regime in wake of SVB collapse

  
• January 7 2024
  Grant Thornton UK LLP

  Grant Thornton demoted from top tier of audit supervision after cutting high-profile clients

  Regulator to perform fewer inspections after firm reduces its number of ‘public interest entity’ audits by more than 70%

  
• January 2 2024
  IPOs

  Scrutinising the UK’s new ‘match fit’ listing rule book

  Timing is everything (except for the FCA)

  
• January 1 2024
  Lighter regulation needed to attract ‘captive’ insurers to London

  Calls by industry come ahead of promised UK government consultation on new regime

  
• December 20 2023
  UK to sign post-Brexit financial services deal with Switzerland

  Agreement aims to make it easier for corporate and wealthy clients in the two markets to do business with each other

  
• December 19 2023
  UK financial regulator says listing rules overhaul could lead to more failures

  Financial Conduct Authority sets out proposals aimed at encouraging companies to float in London

  
• December 19 2023
  Odey Asset Management LLP

  Odey Asset Management says FCA ‘will not be taking any action’ after closing probe

  Crispin Odey remains under investigation by the UK’s financial watchdog

  
• December 17 2023
  FCA rules out extension of post-Brexit licensing regime

  Financial regulator says it will clear outstanding cases before the year’s end

  
• December 15 2023
  Serious MoneyClaer Barrett

  The money question 30-somethings are most likely to ask

  Regulatory shift means more meaningful answers will soon be possible

  
• December 14 2023
  Link Fund Solutions Ltd.

  Woodford investors approve FCA-backed redress scheme

  Controversial compensation deal is voted through with 94% support

  
• December 13 2023
  UK watchdog proposes cap on card fees in blow to Visa and Mastercard

  Duopoly had raised their cross-border interchange rates for online transactions fivefold since Brexit

  
• December 13 2023
  Metro Bank

  Metro Bank freezes bid for BoE regulatory sign-off on risk models

  Earlier fears over delays to initiative aimed at using UK lender’s internal calculations to model for risk prompted share price fall

  
• December 12 2023
  UK financial regulator vows to ‘intervene’ over withheld interest payments

  FCA survey finds 42 groups ‘collectively earned £74mn from this practice’ in one month

  
• December 12 2023
  Bank of England

  BoE halves estimate of Basel capital hit for UK lenders

  Central bank’s regulatory arm says capital will rise just 3% on new rules

  
• December 10 2023
  UK business

  UK small businesses call on regulator to intervene over ‘harsh’ banking practices

  FSB files ‘super-complaint’ over lending practices which it said put personal assets such as homes at risk

  
• December 8 2023
  UK property

  UK fines 123 offshore companies for transparency law breach

  Penalties issued to entities over failure to comply as government seeks to crack down on kleptocracy

  
• December 8 2023
  Personal Finance

  Claims managers face threat of Ombudsman fees

  Firms accused of fostering a compensation culture

  
• December 8 2023
  UK Treasury under fire for lack of progress on post-Brexit financial reforms

  Select committee chair calls on new City minister to speed up delivery of Edinburgh reforms

  

Topics to follow