UK government to prepare regulators for AI as it eyes ‘agile’ approach February 6, 2024 The British government will spend more than £100m building artificial intelligence (AI) research hubs and preparing regulators.
Business group slams head of banking resolution scheme for ‘misleading’ MPs January 30, 2024 Representatives of small and medium-sized businesses have hit out at "misleading" and "inaccurate" comments made by the chief executive of a banking resolution scheme in parliament last week.
UK Finance boss: City’s post-Brexit ‘challenger’ role takes ‘some getting used to’ January 30, 2024 Postings noted that in the Brexit debates "there was probably more debates around fishing quotas than there was around financial services".
Private credit lenders might be storing up future problems, Bank of England official warns January 29, 2024 Foulger said some of the actions to support borrowers "delay or mask" vulnerabilities rather than addressing underlying issues.
Here’s a wacky thought for both major parties: End the parade of prohibitions January 29, 2024 Labour and the Tories have decided that electoral success lies in more rules, heavier burdens and tighter strictures. But what if they’re wrong, asks Eliot Wilson Whether the impending general election results in a large or a small Labour victory, or even some other outcome altogether, almost everyone can agree glumly that it will not [...]
‘A PR man for the banks’? Banking resolution service faces pressure from MPs January 23, 2024 A banking dispute resolution service has come under heavy scrutiny from MPs who, today questioned whether the organisation has been captured by the banks.
City chiefs: We must embrace risk to stay competitive January 22, 2024 Leading City figures have reignited calls to policymakers to embrace risk or watch the UK's financial system lose out to rival markets around the world.
Regulator to investigate historic claims on car finance commissions January 11, 2024 "There is significant dispute between some firms and consumers on whether firms have breached legal and regulatory requirements," the FCA said.
Banks at risk from exposure to ‘opaque’ private equity sector, regulator warns January 9, 2024 Benjamin, who will be joining the Bank of England's Financial Policy Committee (FPC), noted that UK businesses now get as much funding from the non-bank sector as from traditional lenders.
‘Systemic shocks should be anticipated’: how will the financial system fare in 2024? January 2, 2024 Although interest rates are unlikely to go any higher, risks remain as borrowers will continue to roll off contracts agreed when interest rates were near zero.