Banks must ensure access to cash when closing branches under new FCA rules July 24, 2024 Banks and building societies looking to close branches will have to weigh up whether residents are able to access cash under new rules announced by the City watchdog today. Starting from 18 September, banks will have to assess whether closing local bank branches or ATMs leaves communities without adequate access to cash. Where significant gaps [...]
Nationwide’s £2.9bn swoop on Virgin Money gets go-ahead from CMA July 19, 2024 A tie-up between Nationwide and Virgin Money has got the greenlight from the competition watchdog today, paving the way for the £2.9bn deal to close in the final quarter of this year.
City accountancy firms KMPG, PwC, EY and Forvis Mazars react to audit watchdog overhaul July 17, 2024 All "welcomes" from the sector that it set to see its audit watchdog overhauled and reformed into a new regulator, which will have additional powers at its realm
CVC: Private equity beast behind La Liga and Six Nations mulls bid for The Telegraph July 17, 2024 The private equity backer of La Liga and the Six Nations rugby tournament is weighing up a bid for The Telegraph.
King’s Speech: Long-awaited audit overhaul green-lit as FRC scrapped for new regulator July 17, 2024 It is full steam ahead on the creation of the new audit watchdog as the new Labour government has unshelved the Audit Reform and Corporate Governance Bill
Microsoft hires from Inflection AI now under microscope from competition watchdog July 16, 2024 The CMA has set an 11 September deadline to decide whether the case will progress to a phase two investigation.
Tulip Siddiq: Labour will bolster the international standing of the City July 16, 2024 Welcoming the Financial Conduct Authority’s “once-in-a-generation reforms” to the listings rulebook, announced last week, Siddiq said she will build on those changes.
FCA and UK payments regulator launch inquiry into ‘risks’ of Paypal, Apple and Google Pay July 16, 2024 It follows previous work by the PSR on contactless mobile payments and the FCA’s examination of big tech’s role in financial services.
Schroders chief: FCA must not ‘muddle’ consumer powers with City competitiveness July 11, 2024 The boss of Schroders has called on the Financial Conduct Authority to more clearly separate its consumer protection powers from its duty to enhance the competitiveness of the City, as he issued a rallying cry to end “safetyism” in financial regulation.
Regulator seeks to overturn fine rejection against pharmaceutical firms July 11, 2024 The Competition Market Authority (CMA) is seeking to overturn a decision which reversed fines imposed on pharmaceutical firms.