Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
India's Bank of Baroda has paid $600 million to reach a settlement over claims that it helped facilitate a multibillion-dollar fraud against NMC Health PLC, lawyers for the administrators of the United Arab Emirates healthcare group said Thursday.
The Financial Conduct Authority said Thursday that a tribunal has partially suspended its motor finance compensation scheme until legal challenges in December or February 2027 are completed, as it confirmed that lenders targeted in complaints are not currently required to calculate or pay compensation.
The Serious Fraud Office said Thursday that it had closed its investigation into property manager Signature Group over a suspected £140 million ($187 million) investment fraud after concluding that there was no realistic prospect of conviction.
The Financial Conduct Authority warned insurance companies on Thursday that consumers with savings in older pension investment products might not be getting good value for their money.
Moody's Germany has been fined €2.1 million ($2.4 million) for repeatedly providing incomplete and inaccurate regulatory data to the European Union's financial markets watchdog, including incorrect information on credit ratings, rating outlooks and historical performance, as well as deficiencies in its reporting controls.
Forvis Mazars LLP has been fined £577,000 ($771,000) and one of its partners £33,000 by the U.K. accounting watchdog over serious failings in its audit of a digital catalog retailer's 2021 financial statements, conducted about eight months before the company collapsed.
The Federal Reserve has freed BNP Paribas from a 2017 consent order tied to its foreign exchange trading operations, ending an enforcement action that came with a more than $246 million fine and was one of several to target big banks over past price-fixing concerns.
The trustees of a pension plan for former British coal industry workers have appointed asset management giant BlackRock as investment manager for the £8 billion ($11 billion) retirement savings program.
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