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The FCA works alongside the Prudential Regulation Authority and the Financial Policy Committee to set regulatory requirements for the financial sector. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom ...
In response to the judgement, the FCA said the ruling had "substantially found in favour of the arguments we presented on the majority of the key issues". [16] The Association of British Insurers stated in response that business interruption policies "are not generally designed, priced or sold to cover unspecified global pandemics".
Consumer Duty is a standard introduced by the Financial Conduct Authority, in the UK, intended to improve Consumer protection for financial-services firms in the UK. [1] The changes were announced in 2021 and officially came into force on 31 July 2023.
WASHINGTON (Reuters) -Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him ...
Follow The Post’s live updates from Robert F. Kennedy Jr.’s confirmation hearing in his bid to lead the US Department of Health and Human Services, amid fierce opposition from some family ...
News. Entertainment. Lighter Side. Politics. Science & Tech. Sports. Weather. Biden Withdraws: 5 Possible Impacts This Could Have on the Stock Market. Yaël Bizouati-Kennedy. July 21, 2024 at 6:26 PM.
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
Rathi is of Indian descent, and grew up in Barrow-in-Furness, Cumbria, the son of Madhu and Dr Rajendra Rathi, a local magistrate, having moved there aged three. [2] [3] He was educated at Chetwynde School, followed by St Anne's College, Oxford, where he earned a first-class degree in Philosophy, Politics and Economics.