The Financial Conduct Authority has released findings on "good and poor practice" in the use of artificial intelligence. Here, Tom Brown of Shoosmiths outlines five traps that financial services companies must avoid if they want to stay on the right side of the regulator.
The Financial Conduct Authority has released findings on "good and poor practice" in the use of artificial intelligence. Here, Tom Brown of Shoosmiths outlines five traps that financial services companies must avoid if they want to stay on the right side of the regulator.
The Financial Conduct Authority has urged private market firms to strengthen their management of conflicts of interest, after finding in a review published Friday that "standards varied considerably" among companies.
A former Goldman Sachs banker accused of misappropriating assets from the multimillionaire wife of an imprisoned Turkish politician was given permission by a judge on Friday to call Andrew Mountbatten-Windsor to give evidence at trial.
The Central Bank of Ireland has fined crypto asset-trading platform Coinbase Ireland more than €3.2 million ($3.8 million) for breaches of its safeguarding and outsourcing obligations under European Union regulations.
The Financial Conduct Authority said Friday it has restrained the activities of six unregulated lenders over concerns about their anti-money laundering controls, limiting their ability to take on new customers or extend credit to existing borrowers.
The past week in London has seen former solicitor Paul Baxendale-Walker file a claim, private equity firm Novalpina Capital sue its founder Stefan Emanuel Kowski amid fallout over its investment in NSO Group, and Boehringer bring a patents claim against Teva Pharmaceuticals.
Legacy insurance specialist Marco Capital has sued the Toronto-Dominion Bank for $35 million in London after the financial position of a run-off operator the insurance business bought from the lender deteriorated.
The Financial Conduct Authority and the Bank of England have proposed simplifying the senior managers and certification regime, which they say would save businesses £2 billion ($2.7 billion) a year.
The Financial Conduct Authority said Friday it plans to strengthen its financial crime controls to combat criminals as they adopt increasingly sophisticated methods and harness new technologies to create fresh threats.
Permanent TSB on Friday said the court hearing to approve its approximately €1.62 billion ($1.8 billion) sale to Austrian bank BAWAG PSK will go ahead as scheduled Tuesday, despite rival suitor Axis Capital's move to postpone the hearing.
Fintel said Friday that it has bought the remaining stake in Mortgage Brain Holdings Ltd. which it does not already own for approximately £38.4 million ($51.4 million) to expand its financial services technology services.
New lending for U.K. commercial real estate rose 29% year-on-year to June 2026, reaching £28.7 billion ($37.4 billion), according to Bayes Business School's biannual market survey.
