Regulation
Serious Fraud Office spends £220,000 on aborted move to Canary Wharf
Prosecutor ditched the planned docklands relocation to spend more money on its internal systems
3 min read
French regulators to probe shadow banking risks
Watchdogs and central bank team up to look at how shocks from so-called non-bank financial institutions could ripple through markets
2 min read
Pressure grows on Triton to reveal internal investigation amid culture allegations
Gina Miller and Diversity VC call for transparency as private equity firm concludes initial fact-finding probe
4 min read
New audit watchdog set to go after non-accountant directors
Government to press ahead with plan to hold top staff at firms accountable as Arga finally gets nearer
3 min read
FCA plans Consumer Duty roadshow in wealth firm outreach
The regulator is set to host of series of events around the UK
2 min read
CMA faces tough questions over handling of information requests from journalists
Documents obtained by FN show queries are passed to the press office and probed for ‘reputational impact’
3 min read
If Nikhil Rathi wants to stay CEO, he needs to sort out the FCA’s ballooning headcount
The watchdog must not extend its new growth focus to its own spiralling staff numbers
4 min read
Staff troubles are behind us, FCA boss says
Nikhil Rathi praises colleagues after a tough period for the regulator
2 min read
PwC fined £4.5m over Wyelands Bank audit
Big Four firm and partner sanctioned by audit regulator for not understanding the extent of Wyelands’ ties to the Gupta Family Group Alliance
2 min read
‘Clutching at straws’: Executives say scrapping payments regulator won’t boost UK growth
‘When I was at the FCA, no one really knew what the PSR did’
4 min read
‘You’re not off the hook’: City firms urged to stay on guard after FCA harassment pause
The watchdog has pushed back plans to crack down on non-financial misconduct, but City firms should not assume it has taken its eye off the ball
5 min read
Citi, HSBC, Morgan Stanley bond-rigging probe sets regulator back £5m
Competition and Markets Authority ploughs 115,000 man hours into cartel investigation after traders colluded in Bloomberg chatrooms
LCM boss warns private credit firms: Don’t ‘screw it’ for everyone else
Paul Burdell fears ‘aggressive leverage’ and says the industry has not yet been ‘truly tested’
FCA scraps plans for diversity and inclusion rules
Regulator’s U-turn comes as companies shift their stance on DEI
Asset managers to raise ‘concerns’ over share buybacks in FCA probe
The City regulator has contacted seven banks as part of a probe into buybacks
Jes Staley shared news on deals, pay and clients with Epstein, court hears
Lawyers say non-public information was shared regularly with the late sex offender as the ex-Barclays boss’s appeal against his ban continues
3 min read
City executives plot to buy AIM
A new group, which includes the bourse’s former head, is pressuring the London Stock Exchange Group to give up the growth market
3 min read
Barclays chair asked Andrew Bailey to ‘expedite’ Staley probe, court hears
Nigel Higgins called the now-Bank of England boss to discuss the fallout for the bank, Bailey says
2 min read
Bank of England hires consultants as it looks to slash costs
Threadneedle Street is looking for ‘efficiencies’ as its spending escalates
2 min read
FCA calls banks and insurers in latest harassment crackdown
Watchdog wants to know more after a landmark survey into non-financial misconduct
3 min read