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Home News FCA and PSR respond to announcement from Cash Action Group (CAG) Statements First published: 15/12/2021 Last updated: 15/12/2021 We respond to the Cash Action Group’s (CAG) announcement that retail banks and building societies will create an independent body to assess the needs of local communities and direct cash solutions. We are pleased to […]
The FCA has accepted recommendations made by John Swift QC, who was commissioned to review the design, implementation and operation of the redress scheme set up for customers who were missold interest rate hedging products (IRHPs) from 2001. The actions taken by the Financial Services Authority (FSA) nearly a decade ago delivered redress of £2.2 […]
National Westminster Bank Plc (NatWest) was today fined £264,772,619.95 following convictions for three offences of failing to comply with money laundering regulations. Mrs Justice Cockerill, the sentencing judge at Southwark Crown Court, today said: ‘….it must be borne in mind that although in no way complicit in the money laundering which took place, the Bank […]
We have removed Renaissance Advisory Ltd’s permissions. It is therefore no longer authorised to carry out any regulated activities. Any investments with Renaissance may not be protected. Renaissance Advisory Ltd’s connections with Marvell Enterprises Ltd Renaissance is connected with Marvell Enterprises Ltd, which we recently issued a consumer warning about. Marvell appeared to have been […]
Keynote speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision at the FCA, delivered at Risk.net’s LIBOR telethon on 8 December 2021. Speaker: Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision Location: Risk.net’s LIBOR telethonDelivered on: 8 December 2021Note: this is the speech as drafted and may differ from the […]
Home News FCA issues final messages on LIBOR before end-2021 News stories First published: 10/12/2021 Last updated: 10/12/2021 Today we have issued our final LIBOR publications before the important end-2021 deadline. In a speech delivered earlier this week, Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision, outlined the remaining actions firms need […]