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Fintech fraud: AI as both a weapon and a combatant
Posted: 23/10/2025
Over the last decade, we have witnessed the unprecedented growth of financial technology (fintech). Digital innovations such as digital banking, cryptocurrency exchanges, mobile wallets, robo-advice, online brokerage platforms and peer-to-peer lending platforms are being embraced by consumers globally......>>
PISCES: a new future for capital markets
Posted: 29/07/2025
The Financial Conduct Authority (FCA) has published its final rules to support the launch of the Private Intermittent Securities and Capital Exchange System (PISCES). This innovative, regulated platform will enable intermittent trading in private company shares within a controlled environment. PISCES blends features from both capital markets......>>
The Senior Managers Regime and the quest for growth
Posted: 22/07/2025
Last week there was a lot of activity in the world of financial services as Rachel Reeves set out her Leeds reforms, one of which was to reduce the regulatory burdens imposed by the Senior Managers and Certificate Regime (SM&CR). The government was elected with a goal of growing the economy. For several economic and political reasons this......>>
Taking control of the school (cash) register
Posted: 18/07/2025
Independent schools are typically registered as charities and therefore adopt a higher standard of practice in their operation. Their insolvency attracts a suite of particular considerations that can be problematic if not planned for......>>
Avoiding detention as a trustee of an independent school
Posted: 17/07/2025
With financial pressures ever increasing in the independent school sector, trustees must be alive to solvency issues now more than ever. Despite typically being laypersons, trustees are expected to have the same knowledge as a professional director and ensure that an independent school does not enter into an academic year without knowing if it will complete it......>>
The dark side of AI - AI enabled fraud
Posted: 11/07/2025
While the opportunities that AI presents for society and businesses are extensive, we must be mindful of the ways fraudsters can leverage these advancements to increase the sophistication and scale of fraud. In this article, we will explore the common methods of AI-enabled fraud of which our clients should be aware. AI and financial scams......>>
FCA’s tougher stance on workplace misconduct: what financial firms and executives must know
Posted: 08/07/2025
'By amending the scope of our Code of Conduct in non-banks, we’re giving them greater confidence about what is in scope of our requirements, strengthening their ability to take action and prevent harm.' Sarah Pritchard (deputy chief executive, Financial Conduct Authority). In a press release dated 2 July 2025, the Financial Conduct Authority......>>
FCA proposes changes to mortgage rules
Posted: 03/06/2025
On 7 May 2025, the FCA published a consultation paper (CP 25/11) on changes to its mortgage rules. The consultation is part of the FCA's plan to review its mortgage requirements through the Mortgage Rule Review, with a view to supporting economic growth. The consultation period ends on 4 June 2025 and a policy statement will be published in Q3 2025.
Recent FCA financial crime enforcement actions
Posted: 09/05/2025
This article discusses the FCA's recent enforcement actions in respect of financial crime failings at Starling Bank and Metro Bank. These actions demonstrate the FCA's heightened scrutiny of firms' financial crime systems and controls, focusing on sanctions (in the case of Starling Bank) and the use of automated transaction monitoring system......>>
FCA updates its Financial Crime Guide
Posted: 09/05/2025
Financial crime remains a top priority for the Financial Conduct Authority (FCA), with a particular focus on sanctions in light of the ongoing geopolitical tensions with Russia. In order to strengthen firms' financial crime systems and controls, the FCA updated its Financial Crime Guide in November 2024, following a consultation. The sections of the......>>

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