The four prison sentences total 23 years.

UK Finance echoed sentiments from a recent House of Lords report that FOS is "acting as a quasi-regulator".

The rules will be extended to around 37,000 other regulated firms.

The siblings face up to 14 years’ imprisonment.

47% see simplified advice as a growth opportunity, while 40% see potential in targeted support.

Niall Hearty, partner at Rahman Ravelli solicitors, assesses whether the FCA’s priorities, ranging from embracing technology to tackling financial crime, go far enough in...

Incorrect data in the bank's quarterly results sparked a 39% drop in its share price.

The report found a significant degree of ‘mission creep’ among UK regulators, noting that FOS has evolved into a "quasi-regulator".

In the newly created role, Sarah will manage the FCA's expanding remit, support growth and drive reform, the regulator said.

Around 178,000 mortgages have temporarily reduced monthly payments via the new FCA rules.