Regulatory

The Financial Reporting Council (FRC) has published a new report which sets out what firms can expect from the FRC in the course of supervision with a focus on audit quality and firm resilience. 'Our Approach to Audit Supervision' highlights the FRC's approach to supervision and what the w

The Financial Conduct Authority (FCA) has launched a new campaign to encourage individuals working in financial services to report potential wrongdoing. The campaign, 'In confidence, with confidence', also reminds the individual of the confidentiality processes in place.

The Financial Conduct Authority (FCA) has published research findings into better understanding investors who engage in high-risk investments like cryptocurrencies and foreign exchange. The findings reveal there is a new, younger, more diverse group of consumers getting involved in higher risk inves

The Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation on wide-ranging reforms to modernise the country’s audit and corporate governance regime. The UK Government's plans for reform could make to easier to reclaim bonuses paid to the executive of faile

The Financial Conduct Authority (FCA) has today announced that it has commenced criminal proceedings against NatWest Plc in respect of offences under the Money Laundering Regulations 2007 (MLR 2007). The FCA alleges that the Royal Bank of Scotland owner failed to adhere to the requirements of r

An investigation has been launched into how £3.3 million has had to be refunded to thousands of savers as a Barrhead-based community bank collapsed two years after auditors cast doubt over its future as a going concern. Pioneer Mutual Credit Union went into insolvency and had failed to provide

The Financial Reporting Council (FRC) has commenced an investigation into the audits by Deloitte of the financial statements of Lookers plc. The investigation concerns the audit of Lookers' financial statements for the years ended 31 December 2017 and 2018.

The contactless payment limit in shops is to rise to £100. The Treasury has said that the change from the current £45 limit would make transactions easier than ever and would provide a big boost to the UK's struggling retail sector.

The Financial Conduct Authority (FCA) has launched a consultation on how it plans to regulate the pre-paid funeral plans sector.

The Financial Reporting Council (FRC) has today issued advice for companies on how to report transparently and effectively when departing from certain provisions of the UK Corporate Governance Code. The Code sets high standards for Corporate Governance. It recognises that companies have differing ci

The Financial Conduct Authority (FCA) has announced five senior appointments to help drive its transformation. Stephanie Cohen will be the FCA’s chief operating officer (COO) while Jessica Rusu will join the FCA’s as its first chief data, information and intelligence officer (CDIIO)

KPMG is close to selling its restructuring arm to private equity firm HIG Europe as part of a deal that could see a former head of Deloitte run the newly separated business. HIG Europe is in exclusive talks to buy the Big Four firm's restructuring operation for about £400 million.

The Financial Conduct Authority (FCA) has obtained High Court Approval to return £3.42 million to compensate victims of a series of unauthorised deposit taking and collective investment schemes. The schemes were run by Samuel and Shantelle Golding and their companies Digital Wealth Limited, al

The Financial Reporting Council (FRC) has reviewed the plans for the operational separation of the audit practices of the Big Four and confirmed that they can now move on to the next stage of implementation. The FRC published principles for operational separation of the audit practices of the B

The Financial Conduct Authority (FCA) has today published final guidance clarifying its expectations of firms on the fair treatment of vulnerable customers. The guidance aims to drive improvements in the way firms treat vulnerable consumers so that they are consistently able to achieve outcomes that