The U.K. Financial Conduct Authority has published two consultation papers to help companies prep for regulation in the event of a no-deal Brexit.
Neil Hodge
Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal issues for a wide range of publications in the United Kingdom and United States.
Posted inData Privacy
Heathrow Airport operator fined for data breach
The U.K.’s biggest airport operator has been fined £120,000 after an unencrypted USB memory stick that reportedly contained security details about the Queen’s travel plans was found by a member of the public on a busy London street.
Posted inAML
Danske Bank CEO quits over money laundering failures
The chief executive of Denmark’s biggest financial institution has resigned following the publication of a report that highlights large-scale money laundering in the bank’s Estonian operations.
Posted inEurope
EU proposes new money laundering rules
The European Commission wants to strengthen supervision over banks and other financial institutions to toughen up its fight against money laundering and terrorist financing after admitting that present measures have “failed all too often.”
Posted inBoards & Shareholders
Shareholders seeking $10.6 billion from VW over emissions disclosure
Shareholders seeking damages worth €9.2 billion (U.S. $10.6 billion) have taken German car giant Volkswagen to court in Germany for failing to inform them fully of the financial impact that the emissions cheating scandal would have on the company’s share price.
Posted inEurope
U.K. regulator setting global example in facilitating technology growth
FCA-backed sandboxes set up for testing in a live environment have put British RegTech and FinTech ahead of the curve.
Posted inEurope
Business calls for diplomacy to head off ‘no deal’ Brexit
While the U.K. government is advising companies to prepare for the worst, business groups are urging greater diplomatic efforts to ensure a no-deal Brexit doesn’t come to pass.
Posted inEurope
U.K. government preps for ‘no-deal’ Brexit
The U.K. government has outlined a contingency plan to help companies prepare for a worst-case scenario—the “no-deal” Brexit.
Posted inEurope
Deal or no deal: Companies prep for Brexit
European organizations are focusing on contingency plans in preparation of a possible “no deal” exit from the European Union.
Posted inEurope
EU works to protect firms that invest in Iran from sanction consequences
The European Union has taken steps to protect EU companies from any legal and financial repercussions from investing in Iran as a result of U.S. President Trump’s latest sanctions.
