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Bank of England keeps UK interest rates on hold at 0.1%
16.11.2021The pound fell heavily after the the Bank of England wrongfooted the City by leaving interest rates at their record low level of 0.1%, despite forecasting a jump in inflation to 5% by next spring.
UK banks to commit to coal financing phase-out by 2030 at COP26
09.11.2021HSBC, Lloyds Banking Group and NatWest Group will become signatories to the Powering Past Coal Alliance at the COP26 summit in Glasgow, Sky News understands.
Banks must treat victims of scams more fairly, says UK complaints body
02.11.2021Banks need to do more to treat people fairly when they are the victim of scams, according to the UK financial sector’s official complaints body, which is finding in the customer’s favour in three-quarters of such cases.
Recent developments in asset management in United Kingdom
26.10.2021The regulatory landscape for asset management since early 2020 has primarily been focused on managing the impact and consequences of the covid-19 pandemic and, during 2021, the United Kingdom's departure from the European Union at 11.00pm on 31 December 2020 (IP Completion Day).
The SMCR - Where are we now?
19.10.2021As the FCA’s flagship initiative for improving accountability and responsibility within financial services, the SMCR has had far-reaching implications for firms.