Tag: Prudential Regulation Authority

UK InsurTech funding doubled in 2023 defying global trends

UK InsurTech investment stats in 2023: • UK InsurTech companies raised a combined $395m in 2023, a 43% increase from 2022 • UK InsurTech deal activity...

UK InsurTechs seed deals nearly halved in the first nine months...

Key UK InsurTech seed deal investment stats in Q1-Q3 2023: • UK InsurTech seed deal activity reached 16 deals in Q1-Q3 2023, a 47% drop...

Revolut and SoftBank reach agreement on share deal to secure UK...

Revolut, the prominent FinTech player, has successfully negotiated a share deal with its primary backer, SoftBank.

European WealthTech has seen a major fall in investment in H1...

In the first half of 2023, European WealthTech firms raise a combined funding of $553m, marking a substantial 90% decrease compared to the same...

UK financial regulators team to conduct payment systems review

Four financial regulators in the UK have a Memorandum of Understanding (MoU) that sets out the framework the authorities use to cooperate in relation to UK payment systems.

The FCA and the FRC remind companies that extended financial information...

The measures put in place to ensure regulated businesses have enough time to publish audited financial reports are still valid, remind two UK regulators.

Citigroup fined £43.9m for regulatory reporting failures

The UK’s Prudential Regulator Authority (PRA) has fined Citigroup £43.9m for failings in relation to their internal controls and governance arrangements.

Regulators must punish traditional and challenger banks harsher to avoid IT...

British lawmakers have had enough of banks’ IT problems and urge regulators to become stricter in the future, punishing those that fail to live up to expectations.

UK government releases Green Finance Strategy

The UK government has launched its Green Finance Strategy which aims to improve responses to the financial risks from climate change.

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