Britain’s Financial Conduct Authority Must Act Faster: National Auditor Report December 8, 2023 By Huw Jones Britain’s Financial Conduct Authority (FCA) can take too long to act and a sweeping post-Brexit internal revamp to make it...
Global Regulators Propose Tougher Scrutiny of Voluntary Carbon Markets December 4, 2023 By Huw Jones A global securities watchdog proposed 21 safety measures on Sunday to improve integrity, transparency and enforcement in voluntary carbon markets...
EU Watchdog Cautions Against One-Size-Fits-All Rules for Non-Bank Financial Sector November 13, 2023 By Huw Jones Regulators should keep on open mind when writing rules for the world’s $239 trillion “non-bank” financial sector to avoid one-size...
Bank of England to Deepen System-Wide Stress Test for Banks, Insurers November 13, 2023 By Huw Jones The Bank of England said on Friday it would start the second leg to its first system-wide stress test of...
KPMG Hit With Record Fine in UK for ‘Textbook Failure’ in Carillion Audits October 13, 2023 By Huw Jones Britain’s accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a “textbook failure” in audits...
Rapid Shocks in Store for Insurers in New Bank of England Stress Tests October 3, 2023 By Huw Jones The Bank of England said on Tuesday it will check the health of general insurers in 2025 with a “stress...
Bank of England Sets Out Reform of Insurance Capital Rules to Boost Investment September 28, 2023 By Huw Jones Britain set out plans on Thursday to ease key banking and insurance rules in the latest attempt to boost its...
Layoffs, Remote Working Hinder Diversity Push, UK Finance Executives Say September 28, 2023 By Huw Jones Layoffs, working from home and misguided tips on how to get ahead are hindering moves by financial firms on inclusion...
Britain Proposes Diversity and Misconduct Rules for Financial Services Firms September 25, 2023 By Huw Jones Britain’s financial regulators proposed guidance on Monday for financial firms to tackle sexual harassment and bullying, along with new requirements...
UK Watchdog Sets 3-Month Deadline to Improve Car Insurance September 21, 2023 By Huw Jones Britain’s financial watchdog has told motor insurers they have three months to improve the value they give customers in products...