Fca

The Financial Conduct Authority (FCA) has today published a consultation on how to apply the Senior Managers Regime (SMR) to benchmark administrators. The SMR sets important standards for governance and accountability and will apply to almost all FCA-regulated firms from December 2019.

New analysis from Which? reveals that banks suffer five IT failures every week, shutting millions of customers out of accounts and making payments.

The Financial Conduct Authority (FCA) has today announced it will ban the mass marketing of speculative mini-bonds to retail customers. Ahead of the upcoming ISA season, the FCA is introducing the restriction without consultation, using its product intervention powers. The restriction will come into

Alistair Greig has appeared in court after being accused of defrauding hundreds of investors out of £13 million through an illegal “Ponzi” scheme.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of Scottish Boatowners Mutual Insurance Association (SBMIA) £78,318 and £76,180 respectively. The regulators found that between February

The Financial Conduct Authority (FCA) has been forced to take action at its headquarters in Stratford in London, due to 'shameful' sanitary conditions. In a letter to staff posted on the FCA's intranet and seen by The Standard, Georgina Philippou, FCA's chief operating officer, said she was horrifie

The Financial Conduct Authority's (FCA) new rules in the Buy Now Pay Later (BNPL) industry came into force yesterday. The FCA believes that the new rules will save customers between £40-60 million a year in interest payments.

The Financial Conduct Authority (FCA) has today confirmed that it has removed barriers that stop some mortgage customers from finding a cheaper mortgage deal. The new rules allow lenders to use a different and more proportionate affordability assessment for customers who meet certain criteria, such

Andrew Bailey delivered a speech at the Lord Mayor's City Banquet at Mansion House emphasising that there are strong benefits from free trade and open global financial markets and the Financial Conduct Authority (FCA) will continue to support them. He also said that a big question for the FCA is how

Megan Butler, executive director of supervision - investment, wholesale and specialists at the Financial Conduct Authority (FCA), delivered a speech at the Royal United Services Institute in London. In her speech, she emphasised that financial crime and the criminal activity it facilitates caus

The Financial Conduct Authority (FCA) is seeking compensation orders in favour of investors in respect of losses they have suffered in the First Park Limited's Park First scheme as it begins its proceedings against the company. The FCA has started the proceeding against the company's senior managers

Data collected by the Financial Conduct Authority (FCA) has revealed that the number of complaints received by regulated firms increased from 3.91m in the second half of 2018 to 4.29m in the first half of 2019. However, the increase in complaints was mainly driven by a 34% increase in the volume of

The Financial Conduct Authority (FCA) has today announced plans to ban the way some car retailers receive commission.

Edinburgh-based fintech company Sharein has revealed plans to expand its staff by 40 over the next year. Sharein's team currently stands at 28 but its promise to recruit more staff follows the recently announced launched its Shareinpay offering.

The Financial Conduct Authority (FCA) has fined Tullett Prebon (Europe) Limited £15.4 million. The authority has fined the company for failing to conduct its business with due skill, care and diligence, failing to have adequate risk management systems and for failing to be open and cooperative