The Financial Conduct Authority (FCA) has published its second annual perimeter report. The FCA perimeter determines which activities require authorisation and what level of protection consumers can expect for the financial services and products they purchase. The perimeter is decided by the Government and Parliament through legislation. In June 2019, the FCA published its first…

Net consumer borrowing increased for the second month in a row, albeit at a lower rate than in July according to the latest Bank of England figures. The figures show £21.3 billion was borrowed on cards and loans in August, up from £20.9 billion in July, and less was being saved. While the amount borrowed…

The Open Banking Implementation Entity (OBIE), the body set up by the Competition and Markets Authority (CMA) to deliver open banking in the UK, has announced that over two million customers are now using open banking-enabled products. The figures represent a significant upswing in the use of open banking technology despite the disruptive effects of…

Resolve Disputes Online (RDO) has announced the appointment of Amir Ali, (Chairman at the Civil Court Users Association), as its Vice President (VP) of Partnerships UK. RDO says that it is excited to be working with Ali who has decades of experience in dispute resolution and more recently as a key advisor to Her Majesty’s…

Insolvency Practitioners (IPs) could potentially face huge fines for non-deletion and management of data belonging to the insolvent companies they act for according to  IT asset disposal DSA Connect. The company says that unless the data has been permanently removed from the technology hardware the IP’s could well be legally exposed under GDPR. The company…

Business rescue and recovery services specialist, Leonard Curtis Business Solutions Group has announced that Sean Ward has joined the company as Manager. Ward has in excess of 12 years’ experience in the restructuring industry, three years of which have been spent working offshore in both the British Virgin Islands and the Channel Islands. Ward is…