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Recent regulatory developments of interest to most financial institutions, including updates from the UK government, PRA, FCA, JMLG and the European Commission.
Contents
UK FinTech and financial services plans
LC&F compensation scheme and complaints to FCA
Lessons from Greensill Capital: Treasury Committee inquiry
Diversity: BoE launches Meeting Varied People initiative
PRA authorisations: updates on rule waivers and modifications and CRR and Solvency II permissions
UK Investment Firms Prudential Regime: FCA second consultation CP21/7
FCA transformation programme: update to HM Treasury
FCA appoints sustainability and technology directors
FCA regulated fees and levies for 2021/22: CP21/8
First published on Tue 20 Apr 2021 07.05 EDT
An influential group of MPs has ordered David Cameron to release texts he sent to the chancellor, Rishi Sunak, as part of a parliamentary inquiry into the Greensill lobbying scandal.
The Conservative-dominated Treasury select committee wrote to key figures in the scandal on Monday, asking for evidence that will help piece together the true impact of Cameron’s efforts to ensure the lender had access to emergency Covid loans and NHS staff records.
Cameron, whose lobbying for Greensill prompted at least seven inquiries by parliamentary committees, the government and the civil service, has been told to provide a timeline and records of his contact with the Treasury and related agencies, and release the full texts he sent to the chancellor at the start of the pandemic last year.
IoD appoints new chair
The Institute of Directors (IoD) has appointed a new chair after a thorough search process, who will step into the role next Monday.
Patrick Macdonald is set to take the helm from interim chair John Watson, after he joined in September 2020.
The chair of the IoD’s Nomination Committee, Jean Church, said: “After a rigorous selection process, we were delighted to appoint Patrick. I would like to thank John Watson for stepping in as interim chair last year and helping to lead the IoD during the last seven months.”
Watson, who navigated the board’s response to the pandemic, will remain as part of the IoD Board when the new chair starts.
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