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Merging UK financial regulators again would be a costly distraction
The last thing the UK needs is the FSA redux
Frontrunner to be UK prime minister eyes merger of FCA, PRA and PSR
Record £17mn fine raises questions about ability of industry to change and efficacy of current regulation
With tax, pensions and logistics costs, the process can be hugely expensive — even before reaching the high-inflation UK
Politicians are generally acknowledged to be quite bad at weighing short-term gain against longer-term risk
Tory rivals face fight with BoE over allowing ministers to ‘call in’ watchdogs’ decisions
Regulator says accounting checks lacked ‘professional scepticism’
Former deputy governor Paul Tucker says UK central bank must adopt comprehensive regulation of the sector
Losses from the UK’s fraud ‘epidemic’ rose to £1.3bn last year
Malus and clawback provisions are increasingly common, but not yet credible
Regulators must force industry to improve transparency
Comments by FRC’s Sir Jon Thompson come after complaints that clampdown by watchdog was putting off new recruits
FCA stops short of banning ‘inherently unfair’ customer charges after long-awaited consultation
Author of deregulation proposals warns on risk of UK complacency over ‘once in a generation’ changes
Zahawi says new financial services bill will ensure sector ‘works in interests of British people and businesses’
Financial Conduct Authority ‘failed’ to protect British Steel Pension Scheme members from ‘unscrupulous advisers’, report finds
Efforts to update the rule book may not yield a lasting advantage
Nadhim Zahawi to endorse Rishi Sunak’s policies and rule out borrowing for tax cuts
Auditor and former partner receive severe reprimands over their handling of financial inspections
Sunak and Zahawi back bill ditching EU rules and allowing ministers to question regulatory decisions
The UK should unlock infrastructure investment but with caution
Senior central bank official says changes to regulation must not put policyholders at risk
Investment Association says utilising digital ledgers would cut administration costs
Boris Johnson said to be ‘impatient’ with PRA regulator about caution on Solvency II overhaul
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