Exclusive: Panmure Liberum to ‘reinvigorate’ City market with banking tie-up July 15, 2025 Investment bank Panmure Liberum has joined forces with Nedbank in a push to expand their reach across equity capital markets and drive dual-listings across the UK and South Africa. London-headquartered Panmure will collaborate with Nedbank’s corporate and investment banking division to produce equity research across UK and South African markets. The deal aims to provide [...]
Personal guarantees ‘overuse’ holding UK growth back July 7, 2025 The “overuse” of personal guarantees in borrowing arrangements is holding businesses back and stifling UK growth, innovators have warned, with only a small minority of companies claiming they would borrow from banks with their personal savings or assets on the line. A new survey of some 1,400 small business owners by the Federation of Small [...]
FCA chief: Court delays denying victims justice June 12, 2025 Delays in the UK court system are denying victims of financial crime justice and preventing better regulation of the finance industry, the boss of the Financial Conduct Authority (FCA) has said. Nikhil Rathi told City AM that his organisation was working “really hard to accelerate [its] investigations” but that the slow pace of high-profile court [...]
FCA appoints deputy chief to steer growth mission June 10, 2025 The Financial Conduct Authority (FCA) has made Sarah Pritchard its deputy chief executive, a new role the watchdog has forged to reflect its growing remit and bolster its efforts to support the government’s growth mandate. The City’s main watchdog confirmed Pritchard’s appointment in an announcement on Tuesday, with the FCA’s integration with the Payments Systems [...]
FCA to rip up insurance rules in drive for growth May 14, 2025 The Financial Conduct Authority has outlined plans to ditch “outdated or duplicated” insurance rules in a bid to help firms reduce costs and drive competition. The City regulator’s fresh proposals would hand firms greater responsibility over reviewing the value of their product. This would involve companies using the risks and characteristics of each individual product [...]
Andy Haldane: Government’s bid to cut red tape ‘has little chance of success’ May 7, 2025 The government’s call for regulators to slash red tape “has little chance of success” unless watchdogs’ mandates are changed in law, according to the Bank of England’s former Chief Economist Andy Haldane. Speaking at the City AM Awards in London’s Guildhall, Haldane criticised the government’s policy of seeking regulatory reform “via exhortation and press release” [...]
FCA promises to go ‘harder and faster’ in reforming financial sector May 7, 2025 The Financial Conduct Authority (FCA) has promised to go “harder and faster” in overhauling the financial sector amid government pressure to shake up a variety of regulatory burdens on firms. The watchdog has pledged to “take another look” at the rules around ongoing advice after wealth managers were forced to set aside hundreds of millions [...]
Rachel Reeves has promised UK fintech the world – now she must deliver May 4, 2025 Judgement day looms for Rachel Reeves, and UK fintech will be handing her the verdict. In a keynote speech at Innovate Finance’s 11th global summit, the Chancellor confirmed the Treasury’s inaugural Financial Services Growth and Competitiveness Strategy would be published on 15 July. Reeves has lauded the industry’s growth and touted the achievements of fintech [...]
Ford on the hook for £61m in motor finance scandal April 22, 2025 Ford has set aside as much as £61m as it becomes the latest company to be stung by the motor finance scandal. The American car manufacturer’s subsidiary FCE Bank made the provision for its British motor finance division in its latest accounts. The Essex-based FCE Bank said the provision reflected “estimated economic outflow” should a [...]
Nikhil Rathi reappointed FCA chief April 10, 2025 Nikhil Rathi will be chief executive of the Financial Conduct Authority (FCA) for another five years, leading it on its new directive from the government to slash unnecessary and duplicated regulation, the Chancellor has confirmed. Rathi—a former Treasury mandarin and chief executive of the London Stock Exchange—will serve another five-year term as the boss of [...]