Financial Conduct Authority (FCA)

703 results about this entity

Period: 02 Sep 2004 - 24 Jun 2024

FCA fines five banks £1.1 billion for FX failings and announces industry-wide remediation programme

The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ($343 million), JPMorgan Chase Bank N.A. £222,166,000 ($352 million), The Royal Bank of Scotland Plc £217,000,000 ($344 million) and UBS AG £233,814,000 ($371 million) (‘the Banks’).

FCA confirms price cap rules for payday lenders

People using payday lenders and other providers of high-cost short-term credit will see the cost of borrowing fall and will never have to pay back more than double what they originally borrowed, the Financial Conduct Authority (FCA) confirmed today.

UK watchdog to investigate blockchain potential

The Financial Conduct Authority is to investigate ways in which the technology underpinning bitcoin can be used elsewhere in the formal financial services industry.

FCA opens Innovation Hub

The Financial Conduct Authority’s (FCA) Innovation Hub, part of Project Innovate, is now open and offering support to innovators.

FCA examines move to full bank account portability

The UK's Financial Conduct Authority will explore the introduction of full bank account portability as part of a review into the country's existing current account switching service.

UK watchdog to probe pre- and post-trade market infrastructure

The UK's Financial Conduct Authority is to probe for anti-competitive practices in the pricing and packaging of pre- and post-trade wholesale market infrastructure.

FCA to foster fintech innovation; Treasury pushes P2P, APIs and virtual currency

The Financial Conduct Authority is looking to foster innovation in the UK financial services industry by setting up a policy hub to provide guidance to firms on new products and technology developments and an 'incubator' to fast-track startup businesses for regulatory authorisation.

Bank IT systems come under regulatory spotlight

The resilience of bank IT systems is set to come under the regulatory microscope in 2013/2014 as the UK's Financial Conduct Authority identifies technology risk as a key area of focus for the coming year.

FCA sets out P2P lending and crowdfunding rules

The UK's Financial Conduct Authority (FCA) has set out rules designed to boost protections for people lending and investing through P2P and crowdfunding platforms.

Aquis Exchange receives FCA green light

Aquis Exchange, a pan-European trading exchange set up by industry veteran Alasdair Haynes, has received approval from the UK's Financial Conduct Authority (FCA) to begin trading as a multilateral trading facility.

UK regulator to crack down on payday lenders

British payday lenders will face limits on how many times they can try to take money out of borrowers' bank accounts, under new Financial Conduct Authority (FCA) rules.

FCA kicks off review into mobile banking risks

The UK's Financial Conduct Authority (FCA) has published an interim report exploring some early findings of a review into mobile banking services, setting out the possible risks to consumers and areas that firms should consider when developing their services.

FCA slaps £5.6 million fine on RBS for transaction reporting failures

The Royal Bank of Scotland (RBS) has been fined £5.6 million by the Financial Conduct Authority (FCA) for incorrectly reporting transactions in wholesale markets, and in some instances, failing to report transactions at all.

UK banks to apply same-day 'retry system' to plug faster payment processing gap

The Financial Conduct Authority (FCA) has reached an agreement with seven of the UK's biggest high street banks that will see them use a same day 'retry system' when processing direct debits, standing orders and future dated bill payments.

UK regulator begins probe into RBS IT disaster

New UK banking watchdog the Financial Conduct Authority (FCA) has begun an investigation into the IT meltdown which hit Royal Bank of Scotland customers last summer.

New City watchdog to trawl Twitter for bad bank behaviour

The head of new City watchdog the Financial Conduct Authority has vowed to take a more proactive approach than his predecessors, monitoring social media sites like Twitter to sniff out illegal behaviour.

Payleven gets FSA authorisation

Payleven, one of several European firms hawking an app and dongle-based system for turning smartphones into card readers, has been fully authorised by the UK's Financial Services Authority as a payment institution.

JPMorgan data leak linked to seventh insider trading conviction

The Financial Services Authority has achieved the seventh conviction in an insider trading investigation centred around the leaking of price sensitive data from JPMorgan Cazenove.

Swift Trade loses appeal over £8m market abuse fine

Defunct day trading firm Swift Trade has lost its appeal against an £8 million fine for market manipulation handed down by the UK's Financial Services Authority in 2011.

UBS fined £29.7 million by FSA over rogue trading incident

The UK's Financial Services Authority has fined UBS £29.7 million for serious failings that allowed rogue trader Kweku Adoboli to rack up £1.4 billion in losses from unauthorised trading.