Tag: UK

Over the past five years, the UK’s Financial Services Compensation Scheme (FSCS) has recovered just under £300m from failed financial services firms.

The UK’s Financial Conduct Authority (FCA) and US Securities and Exchange Commission (SEC) have signed two memoranda of understandings (MoU) to reaffirm cooperation following Brexit.

The UK’s Financial Conduct Authority (FCA) has fined Goldman Sachs International £34.3m for failures with transaction reporting.

Mid-market UK buyout house Bowmark Capital has completed a take-private deal for AIM-listed Tax Systems which values the company at £114m.

Perimeter 81, a zero-trust software security company, has closed a funding round on $5m.

The UK’s finance industry prevented a total of £1.66bn in fraud during 2018; however, £1.2bn was still stolen by criminals during the same period, a new study from UK Finance finds.

Only 25 per cent of UK-based small businesses are ready for the Making Tax Digital (MTD) legislation, which comes into effect on 1 April, according to a study from Intuit QuickBooks.

The European Payments Council Board has accepted an application which will enable UK Payment Service Providers to continue in the Single Euro Payment Area (SEPA) schemes.

The Bank of England and FCA have formed a memorandum of understanding with European Insurance and Occupational Pensions Authority (EIOPA) and EU insurance supervisors.

The Financial Conduct Authority (FCA) has released new research around UK consumer attitudes around cryptoassets such as Bitcoin and Ether.