The Financial Conduct Authority (FCA), Bank of England and HM Treasury have issued a joint warning that frontier artificial intelligence models now pose a materially heightened cyber threat to regulated firms, and have set out clear expectations on how the sector should respond. In a joint statement
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UK financial firms can now move forward with tokenisation and distributed ledger technology (DLT) with greater confidence, following a joint announcement from the Financial Conduct Authority (FCA) and the Bank of England setting out a shared vision for the future of wholesale markets.
The Financial Conduct Authority (FCA) is reviewing how consumer investment firms support bereaved customers, amid concerns that fewer than half (47%) of bereaved customers felt they received the support they needed from financial firms.
The Financial Conduct Authority is grappling with a sharp rise in whistleblowing reports, with new data suggesting the watchdog is struggling to keep pace with its growing caseload. According to figures published by the regulator, the volume of whistleblowing reports submitted in the UK climbed by a
The Financial Conduct Authority (FCA) has issued fresh guidance to firms and consumers following legal challenges to its motor finance compensation scheme, confirming that a tribunal hearing is unlikely before October. The regulator reaffirmed that its priorities remain securing fair compensation fo
The Financial Conduct Authority (FCA) has launched a formal investigation into three of the world's largest payments companies – Mastercard, Visa and PayPal – over suspected anti-competitive conduct linked to the funding and usage of PayPal's digital wallet in the UK.
The Financial Conduct Authority has launched a market-wide review into claims management companies (CMCs) and law firms, citing mounting concerns that consumers are being let down by aggressive marketing, misleading advertising and unfair exit fees.
The Bank of England (BoE) and the Financial Conduct Authority (FCA) are at loggerheads over proposals to ease capital requirements for specialist trading firms, such as Citadel Securities, Jane Street and Hudson River Trading. The dispute was triggered by plans outlined by the FCA at the end of last
The Finance Conduct Authority (FCA) has secured a clearer path for its £9.1 billion motor finance compensation scheme after The Finance and Leasing Association (FLA) joined major banks in declining to mount a legal challenge. The industry body, which represents the UK's motor finance firms, sa
The Financial Conduct Authority (FCA) has launched a consultation on scrapping rules that govern the publication of research during initial public offerings (IPOs), in a move designed to make London a more attractive listing venue and reduce friction in the capital-raising process.
The Financial Conduct Authority (FCA) has led international action to stop illegal finfluencers putting consumers' money at risk.
The Financial Conduct Authority (FCA) has carried out its first operation with partners to disrupt illegal peer-to-peer crypto trading across multiple London locations.
Firms will benefit from reduced costs and greater flexibility, and find it easier to comply with the Senior Managers and Certification Regime (SM&CR), following reforms set out today by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).
The Financial Conduct Authority (FCA) has revealed the second group of firms selected to participate in its AI Live Testing initiative, with eight companies, including Barclays, Experian, Lloyds Banking Group (Scottish Widows), and UBS, chosen to trial AI applications in real-world conditions.
Anthropic is set to release its Mythos cybersecurity product to UK financial institutions within the coming week, following a period of intense regulatory engagement on both sides of the Atlantic.
