Proposals by the Financial Conduct Authority to replace its senior managers regime approval process for some roles with company-led notifications of appointments to the regulator could create openings for bad apples, lawyers have warned.
Proposals by the Financial Conduct Authority to replace its senior managers regime approval process for some roles with company-led notifications of appointments to the regulator could create openings for bad apples, lawyers have warned.
Britain's accounting regulator said Tuesday it has fined accountancy firm HW Fisher £140,000 ($187,000) for "serious and numerous" failures in auditing a commodities trader that formed part of Sanjeev Gupta's industrial group.
The U.K.'s Labour government is set to announce its fiscal agenda in its autumn budget Wednesday, and many experts predict higher taxes on banks and a crackdown on tax dodgers. Here, Law360 highlights three areas to watch for tax changes in the budget.
A renewable energy investment fund has denied energy company Enviromena's claim for £2.8 million ($3.7 million) in grid connection costs, arguing that Enviromena wrongly opted for a more expensive connection route to ensure the solar project was completed quicker.
The administrators of class action services provider Goal Group have sued BDO for $30 million, alleging the auditor negligently failed to detect that the company was counting proceeds from clients' claims as revenue, ultimately causing its collapse.
A potential group claim against St. James's Place PLC, the U.K.'s largest wealth manager, has secured funding from a specialist litigation funder, law firm Robertson Pugh Associates said Tuesday.
