The Financial Conduct Authority (FCA) has published a discussion paper on Intergenerational Differences, exploring the changing financial needs of consumers from different age groups. The way people build and use wealth is evolving – having an impact on their financial needs. With one of the FCA’s statutory objectives being to protect consumers, it is important that the FCA approach adapts to the changing needs of the different groups within and between generations.
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Technology is radically changing the nature of terrorism and state-to-state rivalry. The global picture is complex but risk managers have a key role to play – PR Officer at Airmic, Jessica Titherington reports. Managing geopolitical risks was once about anticipating and preparing for physical disruption in volatile regions of the world and understanding how this may impact the business environment. Not an easy task by any means, but one in which risks were visible, easy to define and played out on a global stage.
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Andrew Bailey, Chief Executive of the FCA, gave a speech about the the future of financial conduct regulation, at Bloomberg, London. He started by saying: “You may quite reasonably think that a title of ‘The future of financial conduct regulation’ is overly dramatic in an environment where we have quite enough drama in the world of public policy thank you very much. Or, you may think that it is typical of a regulator to over promise and under deliver. We shall see, but it is a reasonable ask that I should start by explaining why this subject and why now?”
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42% of used hard drives sold through eBay still contain sensitive data according to new research from a leading international data security company. Of these, 15% were found to contain personally identifiable information (PII) even where sellers stated they had used proper data sanitation methods prior to the sale. The study, carried out by Blancco Technology Group in conjunction with partner, Ontrack, analysed 159 drives purchased in the US, UK, Germany and Finland.
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Over 30 million people are set to benefit from the increase to the personal allowance and higher rate threshold this month, as the Chancellor delivers on a manifesto commitment one year early. Britain’s workers will also benefit from the biggest increase to the National Living Wage since it was introduced, rising by almost 5% to £8.21 per hour. This inflation-busting pay rise means a full-time National Living Wage worker will earn an extra £690 over a year.
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The Federal Reserve Board on invites public comment on a proposal that would simplify and increase the transparency of the Board’s rules for determining control of a banking organization. If a company has control over a banking organization, the company generally becomes subject to the Board’s rules and regulations. Over time, the Board has issued public and private interpretations on the topic of control, but banking organizations and their investors often remain uncertain about whether a proposed investment is controlling. The proposal would set forth a comprehensive regulatory framework for control determinations and request comment on the framework.
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The FCA has published a Feedback Statement summarising the responses received to its Discussion Paper – ‘A duty of care and potential alternative approaches’ – published in July 2018, and setting out next steps. As a result of the feedback the FCA received and its early analysis, it has identified options for change that are most likely to address potential deficiencies in consumer protection.
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The latest EU public opinion survey, conducted in late February 2019, highlights continued strong support for the European Union. The European Parliament’s Spring 2019 Eurobarometer, measuring public attitudes to the EU three months ahead of the European elections, reveals that despite the various internal and external challenges to the EU of the past years, the European sense of togetherness does not seem to have weakened.

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