Page 13 - Certification Regime News Today

<p><span>The PRA and FCA (together, the Authorities) joint investigations into certain former senior managers at HBOS plc have now concluded with a decision by each of the Authorities’ independent decision-makers to take no further action. The investigations, which began in 2016, were in response to Andrew Green QC’s November 2015 report into the reasonableness of the scope of the FSA’s enforcement investigations in relation to the failure of HBOS (the G...

August 16, 2022- The Federal Reserve Board issued a supervisory letter providing additional information for banking organizations engaging or seeking to engage in...

The FCA's all-encompassing Consumer Duty, in essence, means firms now need to become research houses to assess their client engagement and associated culture, writes Chris Davies...

Investegate announcements from Currys PLC, Annual Financial Report

As well as creating efficiencies and opportunities, digital transformations create more concentrated and interconnected risks for financial services firms. In a

The UK Financial Conduct Authority (the FCA) is introducing sweeping new regulatory obligations for financial services firms that serve UK retail customers, referred to as the "consumer...

On 27 July 2022, the FCA published its highly anticipated final rules and guidance on the new Consumer Duty, ushering in a fundamental…

With the publication of the final rules there is now only a year to go before firms must comply with their Consumer Duty obligations. The FCA has emphasised that this must be a major...

Key developments of interest over the last month include: UK Financial Services and Markets Bill 2022-23 introduced to Parliament; US Treasury publishes framework for international...

The Financial Conduct Authority has announced that it will be bringing in a new Consumer Duty that will “set higher and clearer standards of consumer protection” across financial services.