Regulatory

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.

The largest accountancy firms have increased their share of the UK audit market with 100% of FTSE 100 companies now audited by the Big Four, according to new research from the Financial Reporting Council (FRC). Published today, the latest edition of Key Facts and Trends in the Accountancy Profession

The Financial Conduct Authority (FCA) has today confirmed that it has removed barriers that stop some mortgage customers from finding a cheaper mortgage deal. The new rules allow lenders to use a different and more proportionate affordability assessment for customers who meet certain criteria, such

The Financial Reporting Council (FRC) has launched a substantial and ambitious revision to the UK Stewardship Code. The new code substantially raises expectations for how money is invested on behalf of UK savers and pensioners.

Companies are falling short of investors’ expectations for clearer reporting on climate-related issues, according to a new report from the Financial Reporting Council's (FRC) Financial Reporting Lab.

The audit and accountancy profession is lagging behind business when it comes to the diversity of senior management, according to new research by the Financial Reporting Council (FRC).

The Financial Conduct Authority (FCA) is seeking compensation orders in favour of investors in respect of losses they have suffered in the First Park Limited's Park First scheme as it begins its proceedings against the company. The FCA has started the proceeding against the company's senior managers

The Financial Conduct Authority (FCA) has today announced plans to ban the way some car retailers receive commission.