Fca

The Financial Conduct Authority (FCA) has confirmed it will proceed with an industry-wide redress scheme to compensate motorists who were mis-sold car finance, following a finding by the courts that lenders broke the law by failing to disclose key information to customers.

The Financial Conduct Authority (FCA) announced late yesterday afternoon how their redress scheme arising from commission paid by motor finance lenders to car dealers will operate. Andrew Foyle has the details. The choice to make the announcement after the financial markets had closed mirrored the S

The City watchdog, the Financial Conduct Authority (FCA), should ensure that UK companies are ready to meet the growing sustainability reporting challenges. Responding to the consultation Aligning listed issuers’ sustainability disclosures with international standards,  ACCA (the Associat

The Financial Conduct Authority has fined Wood Group £13 million after concluding that a "poor operating culture" at the Aberdeen-based engineering firm led it to publish misleading financial information to investors over a three-year period.

The Financial Conduct Authority (FCA) has chosen four companies – Monee Financial Technologies, ReStabilise, Revolut and VVTX – to test how their stablecoin services work with proposed regulation in a safe environment. The Regulatory Sandbox programme allows firms to trial stablecoin pro

Lenders could have access to more comprehensive information to support lending decisions, under new proposals by the Financial Conduct Authority (FCA).  The FCA is consulting on designating certain credit reference agencies (CRAs). If a lender shares credit information with one designated consu

The Financial Conduct Authority (FCA) has fined Richard Howson £237,700 for his part in misleading statements being issued by Carillion plc. As group chief executive, Mr Howson, was aware of serious financial troubles in Carillion’s UK construction business. He failed to reflect this in

The Financial Conduct Authority (FCA) has confirmed the appointment of KPMG as the independent assessor responsible for evaluating proposals to establish a new standards-setting body for UK open banking APIs. This 12-week assessment is designed to identify which organisation is best positioned to le

People who pay monthly for their insurance are saving around £157 million a year, with over half the firms the Financial Conduct Authority (FCA) reviewed as part of a market study lowering the cost of premium finance.

The FCA has launched a review into the implications of advanced AI on consumers, retail financial markets and regulators.

Pension schemes will need to publish clear data on their performance, costs and quality of service, under proposals announced by the Financial Conduct Authority (FCA), the Department for Work and Pensions (DWP) and The Pensions Regulator (TPR). If a pension offers poor value, firms and trustees must

The Financial Conduct Authority (FCA) has imposed fines totalling £371,700 on two former finance directors of Carillion plc for their roles in the construction giant's collapse. Richard Adam and Zafar Khan were sanctioned for knowingly issuing misleading statements regarding the company’

Banks and payment providers are set to gain the freedom to establish their own contactless transaction limits under new rules introduced by the Financial Conduct Authority (FCA). Effective from March 2026, this regulatory shift moves away from the current uniform industry cap, allowing institutions

The Financial Conduct Authority (FCA) has announced an expansion of its efforts to improve standards within the home and travel insurance markets.

Cryptocurrencies will be regulated similarly to traditional financial products under new legislation set to come into force in 2027. The Treasury is currently drafting rules that will bring the sector under the strict oversight of the Financial Conduct Authority (FCA).