Category Archives: Banking

News from the SFO

Conviction in first UK Libor trial The Serious Fraud Office (SFO) continues to promote itself as a tough prosecution agency, although recently it recognised that deferred prosecution agreements are an appropriate prosecutorial tool – provided that it is in the public interest to do so and the corporate body has fully cooperated. The SFO remains…
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HM Treasury announces launch of a new financial advice market review

On 3 August 2015, HM Treasury announced the launch of a review looking at how financial advice could work better for consumers.  The review will consider the current regulatory and legal framework governing the provision of financial advice and guidance to consumers, and its effectiveness in ensuring that all consumers have access to the information, advice and…
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Money Advice Service commits £35 million for free debt advice

The Money Advice Service (MAS) has announced it will increase funding in 2015/2016 by £4 million from last year to deliver free debt advice to over 116,000 more people across England and Wales.  The funding will provide for 336,000 free debt advice sessions and “will contribute to enabling people to overcome debt quickly, helping them…
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UK interest rates expected to rise in second quarter of 2016

United Kingdom May 21 2015 The Mortgage Advice Bureau (MAB) has reported that, following the publication of the Bank of England’s Inflation Report on 13 May 2015, the Bank of England’s historically low base rate of 0.5% is expected to be held at its current rate until the second quarter of 2016.  This news is likely to be well received…
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