Oct 14, 2020: Following the resubmission of its banking licence application last year, Distribution Finance Capital (DF Capital) has received confirmation from the PRA and FCA that it has been authorised as a bank. This news represents a significant milestone f...

 

Oct 07, 2020: As part of the FCA’s ruling on direct commission, the Senior Managers & Certification Regime (SM&CR) will see an individual within the dealership personally accountable for any failure to comply. The date for implementation of this policy ...

 

Jun 19, 2020: A payment freeze for some areas of consumer credit will be extended for a further three months under proposals revealed by the Financial Conduct Authority today (June 19). The new proposals extend the date when a three-month payment freeze could b...

 

Apr 14, 2020: Over the past fortnight or so, there has been a great deal of press coverage and asset finance industry debate over the efficacy of the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) that is administered by the British Business ...

 

Mar 13, 2020: UK Chancellor of the Exchequer Rishi Sunak unveiled his first annual Budget statement on March 11. This brought a number of moves designed to ease the economic effect of the Coronavirus shock for UK businesses and consumers in the months ahead, tog...

 

Dec 09, 2019: The UK’s Senior Managers and Certification Regime (SM&CR) is being extended this week to tens of thousands of companies across the financial sector. Three years after the initial introduction of accountability rules for banks and insurers, fro...

 

Dec 09, 2019: The UK government that takes office after Friday’s general election must prioritise a complete overhaul of the Consumer Credit Act, party leaders have been told. In one of his first statements since becoming the new director general of the Finance...

 

Nov 18, 2019: UniCredit, Italy’s largest bank by assets, has launched an internal investigation after uncovering a data breach involving 3 million records. Its cyber security team identified the incident involving a file generated in 2015 that affected Italian ...

 

Sep 06, 2019: There are fewer than 100 days left until the Senior Managers & Certification Regime (SM&CR) extends to all regulated firms, including those within the motor industry, and senior leaders need to ensure they are ready for the changes ahead, a...

 

Mar 28, 2019: UK businesses transferred £93 million into the accounts of criminals who were posing as legitimate payees last year, latest figures have revealed. There were 3,280 invoice and mandate scam cases involving businesses during 2018, with an average lo...