The convictions of five traders for rigging key benchmark interest rates may be at risk after the U.K.'s highest court overturned similar cases in July, the Serious Fraud Office said Thursday.
The convictions of five traders for rigging key benchmark interest rates may be at risk after the U.K.'s highest court overturned similar cases in July, the Serious Fraud Office said Thursday.
The Financial Conduct Authority said Thursday it has removed some data reporting requirements under the senior managers' regime for 36,000 businesses, representing 95% of those it authorizes.
Glencore lost its bid on Thursday to withhold documents about investigations into bribery and corruption in a legal battle with investors who claim that the company misled them by failing to disclose wrongdoing.
The Financial Conduct Authority confirmed on Thursday that it has opened an investigation into Drax Group PLC, which the renewable energy group said is linked to its compliance with the Listing and Disclosure rules when it made statements about the sourcing of its biomass products.
Prosecutors told a London court Thursday that a man convicted of scamming more than £8 million ($11 million) through real estate swindles was well above the threshold to merit the highest level of sentence for fraud.
A payroll services company cannot block a winding-up petition by HM Revenue & Customs over a debt claim of more than £1.1 million ($1.2 million) in unpaid taxes, a London court ruled in denying the company's bid.
The largest trade body for the U.K. retirement sector has hit out at plans by the government that will effectively allow it to direct investment of pension funds.
Pension scheme trustees should "not ignore" the growing influence of businesses raising money to buy bitcoin as part of their financial strategies, a retirement saving specialist has said.
Pension funds trustees must demand the right evidence on cyber resilience after incidents at Marks & Spencer, Harrods and the Co-op showed how damaging security breaches can be, according to best practice guidance released by a pensions administrator.
The Financial Conduct Authority said Thursday that it has appointed pensions executive Will Self as chair of its advisory panel for small business matters as the regulator help the sector explore new technology.
Swedbank AB said Thursday that it has agreed to acquire Barclays PLC's stake in Entercard, their jointly owned consumer credit group in the Nordic region, for 2.6 billion Swedish kronor ($273 million), as the Stockholm-based lender moves to strengthen its regional presence.
The Competition and Markets Authority’s recent draft price transparency guide, as part of a wider reform introduced by the Digital Markets, Competition and Consumers Act 2024, represents a significant change in U.K. consumer protection by targeting unfair trading practices and strengthening enforcement mechanisms, says Felicity Forward at Shoosmiths.
