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FCA identifies system and control failings at small banks and insurance brokers

Most insurance brokers' systems and controls for managing bribery and corruption risks are not wholly effective, the Financial Conduct Authority (FCA) has found. 21 Nov 2014

Major payments bodies object to new internet payment security guidelines before PSD2 reforms

Payments industry bodies from across Europe have raised objections with the European Banking Authority's (EBA) plans to finalise new internet payment security guidelines before new EU legislation on payment security is brought into force. 21 Nov 2014

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UK drops EU court challenge to bankers' bonus cap

The UK government has dropped its legal challenge to the EU-wide cap on bankers' bonuses, saying that it would not have been likely to succeed after an advisor to the EU's top court this week rejected its arguments . 21 Nov 2014

Regulators fine UK banks over IT problems

UK financial regulators have fined three banks in the Royal Bank of Scotland Group a total of £56 million in relation to IT problems they experienced in 2012. 20 Nov 2014

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