Blog
Press Round-Up: Regulatory and Professional Discipline – May 2026
Jack Garden
10 August 2015
FCA flexes competition muscles
As the Financial Conduct Authority’s newest board member, Christopher Woolard, Director of Strategy and Competition, announces forthcoming anti-trust action - Eve Giles looks at what this might mean for companies under the spotlight.
10 July 2015
FCA issue rules and guidance on bankers remuneration and clawback obligations
On 23 June 2015 the Financial Conduct Authority (FCA) issued their final rules and guidance to implement the proposals set out last year in their Consultation Paper in relation to remuneration. Whilst it is probably fair to say there were no huge surprises, these latest developments in the regulation of remuneration in the financial services sector form another milestone in the transformation of the regulatory regime which has been on-going since the financial crisis. According to the Treasury, Britain now has the toughest rules on bankers’ pay of any major financial centre. However, major questions remain unanswered, and bonus disputes appear inevitable once the new rules are applied in practice.
10 July 2015
Financial professionals: don’t bank on your bonus
On 23 June 2015, the FCA and PRA issued their final rules and guidance to implement the proposals set out last year in their Consultation Paper in relation to remuneration. These rules mean that Britain now has the toughest rules on bankers’ pay of any major financial centre. The new rules on deferral and clawback will apply to bonus awards for performance periods commencing on or after 1 January 2016, while various other rules and guidance became effective on 1 July 2015.
17 June 2015
Sentencing very large companies for environmental crimes – Fines equal to 100% of profit not unreasonable
The first case involving a very large organisation to come before the Court of Appeal since the implementation of new environmental sentencing guidelines, has confirmed that such offenders can now expect fines to run into several millions of pounds.
28 May 2015
Magistrates order payment of prosecution costs in excess of £10,000
Earlier this month Flintshire Magistrates’ Court ordered David Pickup to pay £10,384 in prosecution costs after he was found guilty of speeding. With summary trials usually attracting prosecution costs of £500 to £1,000, this was an extraordinarily high sum to be awarded.
