Speedier image-based cheque clearing system begins operating in the UK

A new, speedier image-based cheque clearing system is now operating in the UK.

Bank of England votes through first interest rate increase since 2007

The Bank of England's Monetary Policy Committee has voted to increase the central bank interest rate for the first time since 2007.

Suspicious transaction reports to FCA soar to record high

The number of reports notifying the UK's Financial Conduct Authority of suspicious transactions have risen to their highest ever level, more than doubling in the last two years.

Court of Appeal clarifies contractual rights for issuers of bearer notes

The Court of Appeal has issued a landmark judgment which clarifies the rights and obligations for issuers of bearer notes and investors in them.

Banks urged to engage with UK government over challenges faced in supporting IP-rich businesses

Banks in the UK have been urged to explain what challenges they face in developing products to support businesses to exploit the value of their intellectual property (IP).

Banning ICOs is not the way forward for regulators, says expert

ANALYSIS: Banning initial coin offerings (ICOs) is not the way forward for regulators, despite the legal and regulatory risks that could arise if they are not subject to proportionate regulation.

EBA calls for 'harmonious' application of European financial regulation post-Brexit

The European Banking Authority has called for consistency in European financial regulation to support UK-based financial services firms that want to retain access to the single market after the UK withdraws from the EU

Planned Scottish National Investment Bank could support low-carbon growth

Potential options for a Scottish National Investment Bank have been put forward for consultation by the Scottish government.

FCA fines Merrill Lynch £34.5m for reporting failure

The UK's Financial Conduct Authority has fined Merrill Lynch International £34.5 million for failing to report 68.5 million exchange traded derivative (ETD) transactions over a two-year period.

Landmark litigation privilege case set to go to UK Court of Appeal

A mining company under investigation by the Serious Fraud Office has been granted the right to appeal a High Court decision over its rights to litigation privilege.

Most organisations are unclear about data storage and transfer arrangements, say privacy watchdogs

Most privacy notices displayed on websites and mobile apps do not explain to consumers the country in which collected personal data is stored, according to a study carried out by data protection authorities based around the world.

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