UK Regulator Calls for New Regime Providing Open Access to Global Markets January 26, 2017 By Huw Jones Banks, insurers and traders that comply with reinforced global financial sector rules should be allowed to operate unhindered across the...
Tesco Reveals $3M Was Stolen from 9,000 Customers in Recent Cyber Bank Theft November 9, 2016 By Lawrence White and Tom Bergin Retailer Tesco Plc’s banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers...
Tesco Bank’s Cyber Attack Investigated by UK’s National Crime Agency November 8, 2016 By Lawrence White Britain’s National Crime Agency (NCA) is leading a criminal inquiry into the theft of money from thousands of Tesco Bank...
UK’s Regulator Reviews Mission as It Redefines Itself Under New CEO October 27, 2016 By Suzi Ring The U.K. Financial Conduct Authority opened a review of its regulatory “mission” as the agency looks to redefine itself under...
Lloyds Banking Group Braces for Additional $1.6 Billion PPI Charge October 23, 2015 By Richard Partington Lloyds Banking Group Plc will probably take a further £1 billion ($1.6 billion) charge for wrongly sold loan insurance in...
UK’s ‘Duty of Responsibility’ Rules to Extend to Insurance Executives October 15, 2015 By Robert Hutton Executives at UK insurers, mortgage brokers and payday-loan companies will be covered by the same “duty of responsibility” as those...
UK Regulator Looks to Change ‘Culture’ after Insurance Reporting Fiasco October 13, 2015 By Kit Chellel The Financial Conduct Authority (FCA) has “deep cultural problems,” a senior U.K. lawmaker Andrew Tyrie said after the regulator responded...
Aubert Appointed CEO of UK-based Willis Limited October 12, 2015 Willis Group Holdings has appointed Nicolas Aubert as CEO of Willis Limited, the Willis Group’s principal UK regulated entity. The...
Head of UK Financial Watchdog Resigns; Government Refuses to Extend Contract July 17, 2015 By Huw Jones The head of Britain’s financial watchdog is stepping down early in a move some industry watchers said was a sign...
UK’s Regulator Criticizes Insurers for Failures in Handling Claims for SMEs May 22, 2015 By Sarah Jones The UK’s Financial Conduct Authority criticized the insurance industry for “poor practices” and “significant” failures in handling claims for small...