Regulators have proposed levying the industry £74.4m to pay for the day-to-day running of the Financial Services Compensation Scheme (FSCS) up until next March, a 6% fall on last year's levy.
Annuities will soon be protected 100% by the Financial Services Compensation Scheme (FSCS) if recent proposals by the Prudential Regulation Authority (PRA) get adopted.
Prudential's director of UK and European insurance subsidiaries and head actuary has joined the Prudential Regulation Authority (PRA) as an independent member of the board.
Prudential has appointed the current executive director of insurance supervision at the Bank of England (BoE) to the newly created role of group regulatory director.
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have proposed new rules that would seek to change how bankers behave and are paid.
The Co-operative Bank has received a £100m cash injection from its former parent as part of attempts to fill a £1.5bn black hole.
The buy-to-let market has avoided Mark Carney's four and half times income multiple cap but the Bank warned the sector it will not escape its scrutiny.
Plans to place loan-to-income restrictions on mortgage lenders have been announced by the Bank of England's Financial Policy Committee (FPC).
A review into how the the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) reach decisions in enforcement cases has been opened by the government, amid concerns over fairness, independence and transparency.
The National Audit Office (NAO) has called on the financial regulators to show they are providing value for money after finding they do not have processes in place to judge the best use of their cash.