Fca

The Financial Conduct Authority (FCA) is set to launch two market studies and gather further information to investigate access to wholesale data. In response to a Call for Input, the FCA heard concerns that limited competition in the markets for benchmarks and indices, credit ratings and trading dat

The Financial Conduct Authority (FCA) is working to become a more innovative, adaptive and assertive regulator in 2022. The regulator said that this approach will enable the FCA to meet the challenges of the increasingly data-driven financial services sector in the UK, the shift to a net-zero econom

The Financial Conduct Authority (FCA) has fined HSBC £63,946,800 for failings in its anti-money laundering processes. HSBC used automated processes to monitor hundreds of millions of transactions a month to identify possible financial crime. However, the FCA found that three key parts of HSBC&

The Financial Conduct Authority (FCA) has accepted recommendations made by John Swift QC, who was commissioned to review the design, implementation and operation of the redress scheme set up for customers who were missold interest rate hedging products (IRHPs) from 2001. The actions taken by the Fin

NatWest has been fined £264.8 million following convictions for three offences of failing to comply with money laundering regulations. Mrs Justice Cockerill, the sentencing judge at Southwark Crown Court, yesterday said: “….it must be borne in mind that although in no way complici

New plans from the Financial Conduct Authority (FCA) will ensure a higher and more consistent standard of consumer protection for users of financial services and help to stop harm before it happens. The FCA is concerned that currently, financial services do not always work well for consumers. The ne

The Financial Conduct Authority (FCA) has today confirmed a series of rule changes to ensure that the UK’s public markets remain a trusted and attractive place to list successful companies, providing opportunities for companies to grow from which investors will benefit. The reforms address, an

The Financial Conduct Authority (FCA) has reformed its decision-making process to ensure it can make faster and more effective decisions for consumers, markets and firms. As part of its transformation to a more innovative and assertive regulator, more decisions will be taken by the FCA’s senio

The Financial Conduct Authority (FCA) is proposing that firms offer a new 'default' investment option to help non-workplace pension customers save for their retirement. Currently, non-workplace pension customers have to choose their own investments from an increasingly wide range of options. This co

The Financial Conduct Authority (FCA) has proposed banning debt packager firms from being paid to refer customers on to other firms. Debt packagers are regulated providers of debt advice, who refer customers on to other providers of debt solutions. They rely on income from referral fees paid by thes

The Financial Conduct Authority (FCA) has launched a discussion paper inviting views on potential criteria to classify and label investment products to help consumers navigate their sustainability characteristics. Yesterday's launch coincided with COP26 Finance Day and reflects the watchdog's commit

Sophisticated investors and pension funds are among those who will have access to new types of investment opportunities following changes made by the Financial Conduct Authority (FCA). The FCA has confirmed that it will be taking forward proposals to create a new type of open-ended investment fund w

The Financial Conduct Authority (FCA) has warned that social media is encouraging young people to invest in risky cryptocurrencies. The financial regulator warned that “hype” on social media platforms and in the news is driving new investors to channel their money into high-risk investme

Charles Randell has asked the Chancellor of the Exchequer to commence the process to appoint his successor as chair of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR). Mr Randell plans to step down in Spring 2022.

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have published a joint discussion paper on developing a common framework for measuring value for money (VFM) in defined contribution (DC) pension schemes. The aim of the two regulators is to drive a long-term focus on VFM across