News

The Financial Services Consumer Panel has called for the new Financial Conduct Authority (FCA) to be given full responsibility for the regulation of retail financial services, including consumer credit.

Bank of England governor Mervyn King has urged investors and public authorities to pay less attention to ratings agencies, which he said have often "rushed" to downgrade.

The Bank of England has proposed setting up an internal oversight committee to monitor and assess the processes employed in making financial stability policy decisions.

Protection complaints continued to rise during the year and have already breached last year's totals in some product areas.

Tesco CEO Phil Clarke should decline his bonus to atone for approving a senior executive's share sale a week prior to its major profit warning, according to a leading investor in the company.

UK CPI inflation fell from 4.8% in November 2011 to 4.2% last month, the equal largest drop since December 2008, according to the Office for National Statistics.

New amendments to Dubai's International Finance Law (2004) have been announced which changes aspects of the regulation of the Emirate's Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) requirements for designated non-financial...

Global spending on retail banking technology is set to increase by $3.6bn (3.2%) in 2012, and will hit $135bn over the next five years, reports financial services analyst Ovum.

Ratings agency Standard & Poor's has downgraded the EU bailout fund to AA+ from AAA.

The Financial Ombudsman Service (FOS) saw a near-60% rise in complaints relating to payment protection insurance (PPI) in the final three months of 2011.