The Financial Conduct Authority raised concerns Wednesday that some asset managers had inadequate financial crime controls in breach of legal requirements and regulatory expectations.
The Financial Conduct Authority raised concerns Wednesday that some asset managers had inadequate financial crime controls in breach of legal requirements and regulatory expectations.
The Financial Conduct Authority has said that artificial intelligence research company Anthropic would support a second group of companies in the Supercharged Sandbox that the regulator set up to experiment with advanced AI.
Austrian banking group Bawag is pursuing an Italian province for damages in England, claiming that the province breached a jurisdiction clause in an interest rate swap deal by suing the bank in Italy.
A London appeals court has lifted a worldwide freezing order on a man accused of defrauding a Mexican billionaire out of more than $415 million, ruling that Salinas had obtained privileged information from his opponent's solicitor by "unlawful as well as abusive" means.
The Bank of England floated rules on Wednesday designed to encourage the consolidation of smaller financial mutuals as part of a wider effort to double the size of the £223 billion ($298 billion) sector.
Trustees of U.K. defined benefit pension plans consider being ready for the long-awaited online retirement savings portal project as the biggest challenge over the next 12 months, TPT Retirement Solutions said Wednesday.
No single reform to automatic enrollment thresholds can address all the financial security and pension adequacy risks faced by lower earners during their working lives and in retirement, a think tank said Wednesday.
Investment company CVC Income & Growth said Wednesday that it has raised approximately £16.5 million ($22 million) in equity by selling shares it held in treasury to meet "sustained demand" from individual and institutional investors.
