UK - The FSA has confirmed it will maintain its non-prescriptive approach to business continuity arrangements by financial firms.
In a policy statement released this week, the FSA said its consultation on emergency business arrangements showed strong agreement by financial firms that FSA guidance on this issue covered the right areas and at the correct level of detail.
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.