Search Results for: Prudential Regulation Authority
Andrew Bailey appointed as new Chief Executive of the FCA
January 26th, 2016
HM Treasury have today announced the appointment of Andrew Bailey as the new permanent Chief Executive of the Financial Conduct Authority (FCA). Andrew is currently the Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive ...
New Bank Start-up Unit launched by the financial regulators
January 22nd, 2016
The Prudential Regulation Authority (PRA) and FCA have launched the New Bank Start-up Unit. The Unit is a joint initiative from the UK’s financial regulators giving information and support to newly authorised banks and those thinking of becoming a ...
PRA takes enforcement action against former Co-op Bank individuals
January 18th, 2016
The Prudential Regulation Authority (PRA) has today prohibited Barry Tootell, the former Chief Executive (CEO) of the Co-operative Bank Plc (Co-op Bank) and Keith Alderson, the former Managing Director of the Co-op Bank’s Corporate and Business Banking Division, from ...
HBOS and KPMG tensions exposed by report
November 24th, 2015
TENSIONS between HBOS’s senior management and the bank’s auditor KPMG have been exposed in the long-awaited bumper report into the financial institution’s epic failure. The 500-page tome, which took over three years and £7m to compile, reveals that the ...
Publication of the PRA and FCA review into the failure of HBOS
November 19th, 2015
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) are today publishing the review into the failure of HBOS Group. This review was originally started by the former regulator, the Financial Services Authority (FSA). Its purpose is ...
FCA introduces new rules on whistleblowing
October 7th, 2015
The Financial Conduct Authority (FCA), alongside the Prudential Regulation Authority (PRA), has today published new rules in relation to whistleblowing. These changes follow recommendations in 2013 by the Parliamentary Commission on Banking Standards (PCBS) that banks put in place mechanisms to ...
Global Demands on Financial Services Auditing Expand
September 17th, 2015
New report examines potential pitfalls, prospects, solutions to managing growth Demands on internal audit are growing faster than ever as management, regulators, and stakeholders increasingly turn to the profession for assurance and advice on a rapidly growing array of ...
Newest UK bank Atom selects global tech giant FIS to offer digital banking
June 25th, 2015
Atom, the designed for digital challenger to the UK banking market, is partnering with FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, to serve banking customers on the go. ...
Atom – the UK’s newest bank
June 24th, 2015
Atom Bank today announces that it has been granted its licence by the Bank of England, enabling it to push ahead with plans to launch products and services to customers later this year. Championing customer experience with a low-cost ...
ASIC blocks forex broker’s IPO
May 14th, 2015
The corporate watchdog has blocked the potential float of an online foreign exchange broker, FX Primus, as concerns mount about the prevalence of brokers setting up shop in Australia to target forex punters in the region. FX Primus Group ...
