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Financial Regulatory Developments 17 October - Prudential Regulation Authority (PRA)

  • Dentons
  • -
  • United Kingdom
  • -
  • October 17 2014

PRA is consulting on its approach to with-profits insurance business. The consultation clarifies PRA's role and proposes changes to its rules in

Financial Regulatory Developments 10 October - Financial Conduct Authority (FCA)

  • Dentons
  • -
  • United Kingdom
  • -
  • October 10 2014

FCA has published details of its agreement with Wonga that requires Wonga to make significant changes to its business immediately. Wonga agreed to

Financial Regulatory Developments 3 October - Financial Conduct Authority (FCA)

  • Dentons
  • -
  • United Kingdom
  • -
  • October 3 2014

FCA has published a consultation paper setting out its approach to implementation of the Mortgage Credit Directive (MCD). Where possible, FCA will

Financial Regulatory Developments 3 October - Prudential Regulation Authority (PRA)

  • Dentons
  • -
  • United Kingdom
  • -
  • October 3 2014

Mark Carney, BoE's governor, has addressed the Institute and Faculty of Actuaries on reforms to the insurance industry, including re-introduction of:

Financial Regulatory Developments 26 September - Financial Ombudsman Service (FOS)

  • Dentons
  • -
  • United Kingdom
  • -
  • September 26 2014

The latest edition of Ombudsman News focuses on claims involving alcohol exclusions from travel insurance and on theft claims under motor insurance

Financial Regulatory Developments 26 September - Competition and Markets Authority (CMA)

  • Dentons
  • -
  • United Kingdom
  • -
  • September 26 2014

CMA has published its final report into the car insurance markets, and measures that will increase competition. These include: a ban on agreements

Financial Regulatory Developments 5 September - Financial Conduct Authority (FCA)

  • Dentons
  • -
  • United Kingdom
  • -
  • September 5 2014

FCA has fined Deutsche Bank £4,718,800 for incorrectly reporting transactions from the date of implementation of the Markets in Financial Instruments

Financial Regulatory Developments 5 September - Financial Ombudsman Service (FOS)

  • Dentons
  • -
  • United Kingdom
  • -
  • September 5 2014

FOS has published the latest complaints figures from financial institutions. FOS took on nearly 200,000 cases during the first half of 2014, 70 of

Financial Regulatory Developments 15 August - Financial Conduct Authority (FCA)

  • Dentons
  • -
  • United Kingdom
  • -
  • August 15 2014

FCA has fined Stonebridge International Insurance Limited £8,373,600 in relation to sales of accident insurance products. It found that, for a period

Financial Regulatory Developments 1 August - Financial Conduct Authority (FCA)

  • Dentons
  • -
  • United Kingdom
  • -
  • August 1 2014

FCA has fined Lloyds Bank and Bank of Scotland (BoS) £105 million for failings relating to LIBOR and other benchmarks. The fines cover: £70 million