By Neil Hodge2023-12-18T18:57:00
The U.K. Financial Reporting Council’s (FRC) long-planned transition to become the Audit, Reporting and Governance Authority (ARGA) appears to be taking place no time soon.
The King’s Speech in November did not include parliamentary time to enact the legislation to create ARGA. The omission signified it is unlikely the FRC’s supposedly tougher replacement will be up and running before 2026/27—a prospect that might seem even more doubtful given there will be a general election by January 2025.
Some might even question whether the legislation will ever be of high enough priority to make it to the statute books.
2025-09-10T23:26:00Z By Ruth Prickett
Delays to the U.K.’s Audit Reform and Corporate Governance Bill and creation of the ARGA regulator have sparked criticism. On Sept. 8, 66 MPs sent a letter to the Prime Minister urging reforms be returned to the Parliamentary agenda.
2024-01-23T12:56:00Z By Kyle Brasseur
The Financial Reporting Council held back on the latest round of updates to the U.K.’s corporate governance code, as the country remains wary of pushing away businesses and investors.
2024-01-23T12:55:00Z By Neil Hodge
Legal experts are unconvinced record fines against audit firms imposed last year by the U.K. Financial Reporting Council will necessarily improve audit quality.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
2025-10-01T21:10:00Z By Neil Hodge
The U.K’.s financial regulator has given a strong indication that financial firms’ use of unauthorized devices and apps is under scrutiny and that policies around off-channel communications need to be tightened up.
2025-09-29T19:09:00Z By Adrianne Appel
Regulatory relief from anti-money laundering rules is in the cards for casinos, insurance companies and other non-bank financial institutions, the U.S. Treasury Department’s Treasury’s Financial Crimes Enforcement Network (FinCEN) said Monday.
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