UK Finance CEO: FCA’s name and shame plans will harm UK competitiveness April 30, 2024 Improving transparency is well and good, but the FCA's name and shame plans will damage innocent firms, writes UK Finance CEO David Postings.
FATF & Furious – Preparing for Travel Rule Implementation April 29, 2024 After the recent Financial Action Task Force (FATF) meetings in Vienna and Paris, the crypto and digital asset industry has continued their furious preparation for travel rule compliance. The rule finds its origins in a 1996 rule from the Financial Crimes Enforcement Network (FinCEN) which required all financial institutions to pass on certain information to the next financial institution when there was a transmission of funds involving more than one financial institution.
Andrew Tyrie: How greater competition could spur productivity growth April 25, 2024 "The UK government does not have a framework in place for monitoring levels of competition in the economy that’s fit for purpose," Lord Tyrie said. "It badly needs one".
Regulatory burden on business up by £6bn a year under Conservatives April 23, 2024 The regulatory burden placed on businesses has risen by £6bn a year under the Conservative government, a new report has found.
City group calls for scrutiny of UK regulators’ impact on competitiveness against international peers April 18, 2024 Greater comparison of the UK's financial regulators to their international counterparts is needed to better evaluate their secondary objective for competitiveness and growth, a top City body has argued.
E.T.? March 25, 2024 The surge of institutional interest in digital assets and blockchain technology over recent months shocked many after last year’s crypto meltdowns. But the U.S. Securities and Exchange Commission's (SEC) January approval of bitcoin exchange traded products (ETPs), the FCA’s recent update and approval of cryptoasset-backed Exchange Traded Notes (cETNs) for professional investors, BlackRock's bitcoin exchange traded fund (ETF) hitting the $10 billion mark faster than any other in history, and now their SEC filing last week for the USD Institutional Digital Liquidity Fund to invest in tokenised assets, all mark a milestone in the evolution and wider adoption of Web3 technology across financial services.
Football regulator’s powers to be revealed in bill – and opinion is already divided March 18, 2024 The long-awaited Football Governance Bill will be introduced to Parliament on Tuesday.
Nudge unit: Clearer consumer information could boost UK productivity and add up to £23bn to GDP March 18, 2024 The paper, published by the Behaviour Insights Team (BIT), found that giving consumers clearer information could improve productivity and boost growth.
Government to fully fund apprenticeships for small firms, Rishi Sunak to announce March 18, 2024 The government will fully fund apprenticeships for small and medium sized enterprises (SMEs) with a £60m investment in up to 20,000 training places, Rishi Sunak will announce.
What the Competition and Markets Authority wants to do with its new powers March 14, 2024 The Competition and Markets Authority (CMA) has set out the areas it wants to focus on over the next 12 months.