The Latest Breaking News from PRA

FRC severely reprimands accountancy group and one of its former main auditors after ‘serious failings’ in 2019

The Financial Conduct Authority and Prudential Regulation Authority said they have ‘no plans to take the work further’.

The insurance sector is experiencing significant growth driven by robust economic activity, increasing asset values, and rising healthcare expenses. As a result, investing in solid insurance stocks like ProAssurance (PRA), Tiptree (TIPT), and Donegal Group (DGICA) may offer a smart opportunity for investors seeking both stability and long-term growth. Read…

Bank of England says it is rowing back on ‘overcooked’ regulations introduced after financial crisis

PRA and FCA propose changes to bonus deferrals in bid to drive growth and improve UK competitiveness

Proposed changes will see the period that bonus payments can be deferred for the most senior bankers reduced from eight years to five years.

It’s the first of many such reviews the regulator is expected to launch into leveraged finance, which has long been the financing method of choice for private equity

HSBC suffered another serious blow to its reputation today when it was whacked with one of the heaviest fines ever handed out by the City regulator.

Regulator says bank failed to properly implement Financial Services Compensation Scheme