London has overtaken Singapore in offshore renminbi (RMB) clearing, according to data from global transactions organisation SWIFT.
The new chief executive of the Financial Conduct Authority (FCA) is to review how the regulator deals with statutory redress exercises after he takes up the role in July, the chair of the regulator has told MPs.
The UK government is "committed" to changing the rules governing the filing of suspicious activity reports (SARs), it has said.
- London overtakes Singapore as second largest offshore RMB clearing centre 29 Apr 2016
- Incoming chief executive to review FCA's approach to redress schemes 29 Apr 2016
- Guide: Competition law: UK financial regulators' concurrent competition powers with the CMA
- Guide: An introduction to collective redress schemes
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Expertise in Banking & Restructuring
When a company wants to develop and grow, obtaining finance can be a major hurdle. Financial institutions are the key to developing growth for companies whether they are looking to move into new markets, develop new products or try something different. We are ideally placed to advise banks and other lenders on their activities and companies on their financing needs.