The Financial Conduct Authority and Prudential Regulation Authority have launched a joint consultation to simplify the Senior Managers and Certification Regime, aiming to reduce regulatory burden while maintaining market integrity.

The Financial Conduct Authority has fined Barclays Bank UK PLC and Barclays Bank PLC a combined £42m for failings in financial crime risk management involving WealthTek and Stunt and Co.

Nearly three in ten UK organisations don’t trust their third-party vendors to manage critical risks, according to research conducted by cyber consultancy CyXcel. The findings suggest firms are outsourcing high-stakes responsibilities without the internal visibility needed to assess vendor capability, thereby increasing vulnerability.

Less than a third of senior aviation executives believe their business strategies are equipped to meet the emerging risk challenges of the next ten years, according to a new study carried out by Willis.

Howden has been appointed by sustainability certification body, Gold Standard, to approve insurance policies that support the eligibility of carbon credits for the Carbon Offsetting and Reduction Scheme for International Aviation.

AuditBoard has expanded its partnership with Deloitte to offer local support and tailored GRC solutions for joint clients. The move responds to rising demand for AI-led platforms in audit and risk, and aims to improve efficiency, meet regulatory requirements and deliver deeper insights into audit and risk processes.