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PRA proposes increases to depositor compensation limits
Headline deposit guarantee to be increased to £110,000 ($141,900) and temporary high balance claims to £1.4m ($1.81m).
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FRC sanctions PwC for Wyelands Bank audit failures
Breaches of requirements were the result of the failure of the audit team to properly understand the bank’s lending and adequately consider the risks underlying its business model.
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UK Supreme Court blocks government intervention in motor finance case
The top Court is set to make a decision in the case in April, and its implication could be far-reaching.
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UK to make key change to non-dom tax regime related to overseas money
The decision is part of the government’s push to ease regulation and encourage foreign investment.
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Maria Ramos appointed group chair of Standard Chartered
Subject to regulatory approval she will succeed José Viñals who expects to retire from the Board in May.
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Canadian banks withdraw from UN-backed climate initiative, will Europe follow?
European banks are reported to be reconsidering their alliance with the Net Zero Banking Alliance as President Trump rescinds ESG Executive Orders and Memoranda.
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JP Morgan becomes sixth US bank to leave net zero alliance
As all founding US banks pull out of the Net Zero Banking Alliance, we look for reasons why and what’s next for the global net zero alliance.
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PRA and FCA propose reform to ease bank remuneration rules
Assessing proposals to make the remuneration regime for banks “more effective, simple and proportionate”, while still ensuring accountability for risk taking and appropriate outcomes for consumers and markets.