governance boards independence
Boards can no longer be “cardboard cut-outs” with regulators upping scrutiny on their activities, it has been warned.
Regulation
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FCA skilled person reports
The number of Skilled Person reports ordered by the City regulator has fallen by close to 20% since it revamped the way it conducts its investigations.
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ucis fsa fscs default
The Financial Services Compensation Scheme (FSCS) has placed a string of firms into default, including P3 Wealth Management which last year was banned by the regulator over unregulated collective investment scheme sales.
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hmrcs tax haul jumps 40 boosted by investigations
The amount of additional tax recovered by HM Revenue & Customs following investigations into personal tax returns has increased by almost 40% since last year.
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hmrcs tax haul jumps 40 boosted by investigations
The amount of additional tax recovered by HM Revenue & Customs following investigations into personal tax returns has increased by almost 40% since last year.
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bankers pay regulation reforms fca
Banks’ incentives will face increasing scrutiny and reviews as the City regulator looks to reform mis-selling rules, it has been claimed.
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barclays Lloyds FCA cpmplaints regulation
Barclays Bank has topped the Financial Conduct Authority’s list of most complained about firms, with Lloyds, Bank of Scotland and Santander UK following closely behind.
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FCA fines regulation
The City regulator has revealed it will publish the details of on-going investigations, following on from its vow earlier this year to get tough on errant firms.
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greater regulation weak response to failure
We all have the ability to look back in history with rose-tinted glasses especially to the periods when we were growing up (the 1970s in this case), even if that means remembering those skin-tight flares, platform shoes and black and white TVs.
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fca to launch review into execution-only market
The FCA is to launch a review into the execution-only market, including an investigation of practices surrounding buy lists and the retention of legacy commission.
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esma clarifies final guidelines on reporting
The European Securities and Markets Authority (ESMA) has published final guidelines on the reporting obligations for alternative investment fund managers under the new Alternative Investment Fund Managers Directive, launched in July.
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jpm fined 920m for london whale trades
JPMorgan Chase Bank has been fined $920m (£572.6m) by a series of authorities over the ‘London Whale’ trades it executed last year.
