Following the release of the judgment in PCP and Barclays, one of our directors, Tim Thompson , spoke to Bloomberg about the potential repercussions for senior bank figures John Varley and Roger Jenkins, despite the claim not succeeding, given the judge’s withering assessment of their evidence. Tim, a former FCA enforcement lawyer (retail investigations, criminal prosecutions and authorisations) told Jonathan Browning: “One wonders whether the FCA may consider reopening investigations into senior executives following the findings”.
The Financial Reporting Council (FRC) and the Association of Chartered Certified Accountants (ACCA) play distinct but interconnected roles in regulati...
The Financial Conduct Authority (FCA) in the UK is proactively enforcing the perimeter by urging firms to review and, if necessary, remove unused re...
The Financial Conduct Authority (FCA) recently issued a “Reasons for Trading Letter” and launched a “Preliminary Review of Trading...
As of 8th October 2023, all cryptoasset firms marketing to UK consumers must comply with the Financial Conduct Authority’s (FCA) financial promo...
Transcript of The Which? Money Podcast featuring Tim Thompson . Speaker 1 Welcome to the Which? Money podcast. Your weekly hits of money, news and person...
Regulatory investigations can be a daunting experience for businesses and individuals alike. The consequences of non-compliance can be severe, with fi...
In the United Kingdom, the Financial Services and Markets Act 2000 (FSMA) regulates financial markets and services. As part of its enforcement powers,...
The takeover of Credit Suisse by UBS has more than a flavour of the Lloyds Bank Group ‘shot-gun wedding’ with HBOS in 2009: one financial services...
Insider dealing is a serious charge, one that comes with considerable consequences if an individual is found guilty. It’s a complex area of law whic...
What is a Cifas marker? CIFAS stands for ‘Credit Industry Fraud Avoidance System‘, a not-for-profit fraud prevention membership organisation. It o...
National Fraud Database CIFAS fraud markers are adverse judgements through which one institution, be it a bank, loan company or an insurer, for exampl...
The FinCEN leak will surprise no experienced lawyers advising UHNWIs (Ultra-High Net Worth Individuals) and their professional advisers. The irony o...
The recent announcement by the Financial Conduct Authority (FCA) of guidance for companies in the medicinal cannabis sector, thinking about listing on...
Furlough fraud claims are on the rise. Her Majesty’s Revenue & Customs (HMRC) together with whistleblowing organisations are reporting thousan...