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IFA fined on pension transfers after it ignores compliance advice
By Neasa MacErlean
Online Published Date:
05 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
FCA calls on Google to tackle minibond ads as it imposes permanent retail ban
By Neasa MacErlean
Online Published Date:
05 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Charles Schwab receives fifth-largest fine of 2020
By Neasa MacErlean
Online Published Date:
07 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Fund operator avoids £10m fine — but ordered to pay restitution to investors
By Neasa MacErlean
Online Published Date:
07 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Trader accepts ban after being caught through FCA surveillance algorithm
By Neasa MacErlean
Online Published Date:
08 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Barclays fined £26m for its treatment of struggling consumer credit customers
Barclays has been penalised £26,056,400 for the way it handled consumer credit customers who fell into arrears between April 2014 and December 2018 – moreover, the group has paid in excess of £273 million in redress to at least 1,530,000 customer..
Online Published Date:
18 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
CMCs face up to 30 per cent cap on redress cut
By Neasa MacErlean
Online Published Date:
21 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Repo ban to remain on home loans — but is lifted on consumer credit
By Neasa MacErlean
Online Published Date:
22 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Covid has hit small retail lenders hard, finds FCA research
By Neasa MacErlean
Online Published Date:
22 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Insider trading conviction upheld of UBS compliance officer
ByNeasaMacErlean
Online Published Date:
27 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Consultation kicks off on year-long preparation of Investment Firm Prudential Regime
By Neasa MacErlean
Online Published Date:
28 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
FCA announces further reform of retail advice market
By Neasa MacErlean
Online Published Date:
29 January 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Insurers ordered to move fast on BI claims after Supreme Court rules for policyholders
By Neasa MacErlean
Online Published Date:
01 February 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
FCA broadens approach on unsecured credit as regulation extends to Buy Now Pay Later
By Neasa MacErlean
Online Published Date:
03 February 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
FCA enforcement in 2020 – an unhealthy sprinkling of normality
As financial services workers and theirregulators scrambled to adapt to working largely from home, how did theFinancial Conduct Authority’s enforcement performance fare last year? AdamSamuel reviews cases involving authorisation, sanctions againstindividuals, mis-selling, treatment of customers in arrears, client assets,AML, market abuse and short-selling.
Online Published Date:
09 February 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Underperforming, overreaching
Amid the disruption and turmoil of 2020,the Financial Conduct Authority’s ability to achieve certain of its longer-termobjectives took some heavy blows. But, even beyond the pandemic, there iscriticism of its oversight of investment scandals as well as unease that thecurrent conduct agenda is delving into areas where a financial regulator has noright to go. Julian Sampson ponders the sector’s status during thesetumultuous times.
Online Published Date:
09 February 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
JP Morgan learns in court battle the limitations of SARs
The global investment giant is embroiled in costly litigation over allegedly corrupt payments it transacted after receiving clearance of Suspicious Activity Reports submitted to the UK’s Serious Organised Crime Agency. Denis O’Connor explores a case that will shed further legal light on a bank’s duty of care.
Online Published Date:
09 February 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Regulators pivot to tackle ‘new normal’
‘The best-laid plans… oft go awry’, the saying goes. With financial supervisory agendas taking a hammering from the global pandemic, Mark Simpson and Kimberly Everitt review regulatory developments of 2020 and explore hot topics for compliance personnel to watch in 2021.
Online Published Date:
09 February 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
The Pension Schemes Act: what to expect
With an aging population, low interest and savings rates, as well as millions of pounds lost to scammers each year, pensions are a pressing issue. Riccardo Bruno and Anne-Marie Winton report on imminent legislation to introduce a new form of pension scheme, boost the powers of the Pensions Regulator and enhance various protections.
Online Published Date:
09 February 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021
Europe targets digital operational resilience, with wide-ranging proposals
The Covid-19 pandemic has furtherincreased firms’ reliance on Information Technology and demonstrated the needfor resiliency in the face of disruption. Plans recently published by theEuropean Commission set out to harmonise the fragmented EU regulatory frameworkfor ‘digital operational resilience’ in financial services and would bringcertain third-party service providers under direct regulatory supervision. CharlotteHill and Clare Reynolds examine the proposals.
Online Published Date:
09 February 2021
Appeared in issue:
Vol 33 No 5 - 05 January 2021