The FCA has launched a consultation on improving its appointed representatives regime and tackling harm from this model. An appointed representative (AR) is a firm or person who carries on a regulated activity on behalf, and under the responsibility of,…
FSTech
Bank of England takes deposits from UK Islamic banks for first time
Britainâs central bank has taken deposits from participating UK-based Islamic banks for the first time after opening its Alternative Liquidity Facility (ALF). The facility was first launched last year in a speech by Andrew Hauser, executive director for markets at…
Virgin Money to downsize for hybrid working
Virgin Money has announced changes to its property portfolio to support its flexible working plans. The move follows the bankâs launch of its âA Life More Virginâ employment package.
âThirdâ of BNPL users donât understand consequences of missed payments
Over a third – 36 per cent- of Buy Now, Pay Later (BNPL) users donât fully understand the consequences of missing repayments, according to research released by Barclays. More than a quarter – 27 per cent – of UK adults…
EU fines banks â¬261m over currency trading cartel
The European Commission has fined Barclays, HSBC, RBS, and UBS â¬261 million after an investigation uncovered collusion in the trading of foreign currencies. All four banks decided to settle the case.
