Financial services

While the usual UK employment laws apply to financial services employers, there are a number of key extra issues for them to deal with.

For example, individuals performing controlled functions must have approved person status, which is obtained by making an application to the Financial Conduct Authority and/or the Prudential Regulation Authority.

XpertHR provides HR information and guidance for employers in financial services.


Staley, Barclays

Barclays CEO fined £642k over whistleblower probe

Barclays chief executive Jes Staley was last week fined £642,430 for breaking rules by attempting to identify a whistleblower. The...

Jes Staley

Barclays CEO faces fines after whistleblowing probe

20 Apr 2018

City regulators are set to fine Barclays chief executive Jes Staley over his investigation of a whistleblower who breached their...

Continue Reading Comments { 0 }

Public backs keeping workers’ rights from EU

20 Feb 2018

Britons overwhelmingly back keeping – often strengthening – workers’ rights derived from the EU post Brexit, according to research published...

Continue Reading Comments { 2 }

New corporate offence of failing to prevent facilitation of tax evasion

26 Sep 2017

A new criminal corporate offence of failing to prevent facilitation of tax evasion comes into effect on 30 September 2017....

Continue Reading Comments { 0 }
Clearscore

ClearScore CEO: Why my fast-growing company needs HR

16 Aug 2017

Credit checking company ClearScore is one of the UK’s fastest growing financial technology companies, doubling in size every six months....

Continue Reading Comments { 0 }

Five key compliance challenges for HR

29 Jun 2017

HR departments face a constant barrage of new regulation and compliance requirements, and forthcoming developments such as GDPR will add...

Continue Reading Comments { 0 }
whatsapp-workplace

WhatsApp and confidential data: where to draw the line with social media

18 May 2017

An investment bank employee has been investigated by the Financial Conduct Authority (FCA) after sharing confidential client information over WhatsApp....

Continue Reading Comments { 0 }
regulatory-references

Senior Managers Regime: New rules on references from 7 March

1 Mar 2017

New rules regarding references in the financial services industry come into force on 7 March as part of the Senior...

Continue Reading Comments { 0 }
whistleblowing-financial-services

Financial services whistleblowing regime comes into force

7 Sep 2016

New whistleblowing rules come into force today that apply to banks and building societies, and some investment and insurance companies....

Continue Reading Comments { 0 }
RBS-gender

RBS sets gender diversity targets above Davies recommendations

27 Jul 2016

RBS has pledged to get at least 30% female representation in its most senior roles across each of its business...

Continue Reading Comments { 0 }
hiring-freeze-brexit

Brexit vote will cause widespread hiring freeze, says IoD

27 Jun 2016

A quarter of companies will impose a hiring freeze after the UK’s decision to leave the EU, a snap poll...

Continue Reading Comments { 1 }
references-banking-sector

References in the banking sector: what HR needs to know

20 May 2016

Employers in the banking sector must comply with tough new requirements as part of major regulatory reform. What impact will...

Continue Reading Comments { 0 }
whistleblowing-financial-services

Financial watchdogs announce new whistleblowing rules

7 Oct 2015

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have published a package of new rules to make...

Continue Reading