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New ‘exploratory scenario’ comes as concerns mount about risk posed by offshore arrangement to UK savers
Penalty is second-largest imposed by Prudential Regulation Authority
New committee follows mounting concern about extra powers accrued by watchdogs following Brexit
Prudential Regulation Authority’s penalty comes after it censured lender owned by steel magnate Sanjeev Gupta
Earlier fears over delays to initiative aimed at using UK lender’s internal calculations to model for risk prompted share price fall
Bank of England launches consultation on new rules governing tech groups supplying critical IT services
Risks to privacy and mandatory data collection on religion flagged as concerns
Move aimed at boosting City will abolish EU rule that limits payouts to twice base salary
Seriously!
UK challenger lender has spent years seeking approval to use internal models to cut charges
Lenders could save hundreds of millions of pounds in capital charges if the PRA consents to internal modelling
Bankers argue regulatory divergence would affect UK’s ability to compete with US
US and UK regulators criticise ‘serious’ and ‘significant’ failings behind $5.5bn trading loss at defunct Swiss bank
Regulator says insurers’ increasing use of ‘funded reinsurance’ risks creating ‘systemic vulnerability’
Minister to meet payment group’s bosses amid fears UK’s biggest tech group will leave the country
PRA klings on to pop culture
Regulator proposes early settlement discount of up to 50% to boost probes into financial sector
UK’s Financial Services Compensation Scheme faces review after failure of Silicon Valley Bank
Lender criticised for over-reliance on companies related to steel magnate’s now struggling empire
British arm of California-based lender applied for £1.8bn in liquidity as its parent company collapsed
Firms will have an idea by year-end of how regime should operate, Sam Woods tells industry delegates
Officials considering whether to pursue two-stage implementation of new insurance rules
Prudential Regulation Authority warns of potential hit to public purse
Industry figures fear new regulatory powers could limit their ability to boost investment in the economy
Central bank’s regulatory arm sets out priorities for 2023 in letters to chief executives
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