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Showing 651 to 660 of 681 search results for implement the new Consumer Duty.
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FCA: New strategic approach to ensure “sharper focus” to regulatory challenges ahead
Several structural changes to how the organisation works will complement this new approach. ... A new Risk Division to provide a strategic approach to the management of internal and external risk. -
New Chairs of the FCA Practitioner Panel and Markets Practitioner Panel announced today
The Financial Conduct Authority Chair, Charles Randell, has today announced the appointments of new Chairs for the FCA’s independent Practitioner Panel and Markets Practitioner Panel. -
FCA confirms rules for legacy use of synthetic LIBOR rates and no new use of US dollar LIBOR
FCA confirms it will allow temporary use of ‘synthetic’ sterling and yen LIBOR rates in all legacy LIBOR contracts, other than cleared derivatives, that have not been changed at or ahead of end-2021 -
Bank of England and Financial Conduct Authority appoint new Chair of the Sterling Risk Free Reference Rates Working Group
The Bank of England and Financial Conduct Authority (FCA) have today announced the appointment of Tushar Morzaria as the new Chair of the Sterling Risk Free Reference Rates Working Group (the Working Group). Tushar has been the Chief Financial -
Understanding approaches to D&I in financial services
The FCA observed how financial services firms are designing and embedding diversity and inclusion strategies. The observations give an overview of initiatives to improve diversity and inclusion, which industry leaders can consider in reviewing their -
PS14/16: Detailed rules for the price cap on high-cost short-term credit - Including feedback on CP14/10 and final rules
On 2 January 2015, we introduced a price cap on what high-cost short-term credit lenders can charge. -
State Street UK fined £22.9m by Financial Conduct Authority for Transitions Management failings
Once senior management became aware of the issue State Street UK took action to investigate the misconduct and to implement a comprehensive programme to improve the UK TM business controls and ... Over £165 billion of assets invested in pensions and -
Insurance providers warned not to undervalue cars or other insured items when settling claims
Insurance firms have been warned not to undervalue cars and other insured items when settling insurance claims especially during the cost of living squeeze. -
FCA fines The Bank of New York Mellon London branch and The Bank of New York Mellon International Limited £126 million for failure to comply with the Custody Rules
failing to implement CASS-specific governance arrangements that were sufficient given the nature of the Firms’ business and their failure to identify and remedy the failings identified. ... The final notice for The Bank of New York Mellon London Branch -
FCA sets out plans to deliver £71.2 million of compensation to former British Steel Pension Scheme members
The FCA has published proposals for a compensation scheme for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advice to transfer out of the fund.