The Financial Conduct Authority said Monday that it has finalized simpler rules on transaction reporting that will save the investment industry £108 million ($145 million) a year and boost Britain's competitiveness.
The Financial Conduct Authority said Monday that it has finalized simpler rules on transaction reporting that will save the investment industry £108 million ($145 million) a year and boost Britain's competitiveness.
Bank of Baroda denied four former workers enhanced redundancy payouts promised under a 30-year-old union deal, which entitled them to four weeks' pay for every year of service, an employment tribunal has ruled.
A financial services company has denied allegations that it siphoned off a management consultancy's $9.4 million investment after promising to hold it only as proof of funds, alleging instead that the consultancy itself fraudulently misrepresented that it owned the money it transferred.
The liquidators of a collapsed wine investment company have failed to revive parts of their £5 million ($6.7 million) claim against a London-based accounting business that allegedly failed to properly audit how promised returns would be generated.
The European Union's financial markets watchdogs have told financial institutions and national regulators to act now to address cybersecurity risks from frontier artificial intelligence models.
Italian lender Banco BPM has said that it has abandoned talks for a merger with Monte dei Paschi di Siena, paving the way for the country's largest lender, Intesa Sanpaolo, to move ahead with its €30.6 billion ($35.3 billion) takeover.
The Pensions Regulator has opened the door for authorization of new collective retirement plans, in what experts say is a landmark moment for the sector.
British savers are likely to use the long-awaited pensions dashboards during pivotal life events rather than engaging with the portals on a continuous basis, a consultancy said Monday.
Pinsent Masons LLP has hired a specialist from Konexo, the legal and compliance alternative services business of Eversheds Sutherland, to found and lead the financial regulatory consulting practice at its legal services arm, Vario.
Ronan Mellon, Mayer Brown's finance office practice lead, discusses how working in the City is like a parallel universe to growing up in rural Ireland, the challenges of working on a bond refinancing with a highly complex escrow arrangement, and why he is a fan of client secondments for junior lawyers.
