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OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
PRA and FCA publish Decision Notices given to…
The Prudential Regulation Authority ( PRA ) and the Financial Conduct Authority (‘FCA’) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of a small mutual insurer, £76,180 and £78,318 respectively. The…
Second meeting of the PRA and FCA’s joint…
Since its inception in March 2019, the Climate Financial Risk Forum has set up four technical working groups on disclosure, scenario analysis, risk management and innovation. Each working group is chaired by a CFRF member…
FCA and PRA jointly fine Raphaels Bank £1.89m…
Raphaels Bank has received separate fines of £775,100 from the FCA and £1,112,152 from the PRA in respect of these breaches (resulting in a combined fine of £1,887,252). Mark Steward, FCA Executive Director of Enforcement…
UK Financial Conduct Authority and Australian Securities and…
The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) today announced they have agreed two Memoranda of Understanding to ensure there is continuity once the UK leaves the European Union. …
First Meeting of the PRA and FCA’s joint…
On Friday 8 March, the PRA and FCA hosted the first meeting of the Climate Financial Risk Forum (CFRF). The objective of the CFRF is to build capacity and share best practice across financial regulators…
Joachim Wuermeling: Brexit – implications for UK branches…
1 Introduction Ladies and gentlemen, From the perspective of a bank and from my perspective as a banking supervisor, the future regime under which banks and companies in general will operate after 29 March 2019…
Solvency II: Data Collection of Market Risk Sensitivities
This supervisory statement sets out the Prudential Regulation Authority’s (PRA) expectations in respect of the reporting of sensitivities of solvency position to various changes in market risk. The firms in scope are those insurance or…
Payment Systems Memorandum of Understanding
Bank of England, PRA, FCA and PSR review Memorandum of Understanding in relation to payment systems in the UK The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and…