Financial Conduct Authority (FCA)

706 results about this entity

Period: 02 Sep 2004 - 16 Jul 2024

FSA paper trail hampering compliance activities - CISI

The Financial Services Authority is bombarding member firms with so much written material that it is hampering compliance activities, according to a survey conducted by the Chartered Institute for Securities & Investment (CISI).

FSA not interested in trawling through algo code

The UK's Financial Services Authority has no intention of "looking through lines of code" before signing off algorithms used by high-frequency traders, describing the prospect, floated by the European Commission, as a "bad idea".

CPP loses Barclaycard business over FSA investigation

Shares in CPP, a provider of credit card insurance and identity theft protection, plummeted yesterday after Barclaycard decided to stop using some of its services because of an FSA investigation.

O2 seeks UK license for mobile money play

O2 is set to join the growing band of telcos bidding to grab a slice of the mobile payments market when it applies to the UK's FSA for an e-money license later this year.

FSA fines analyst for 'careless' instant message

A former investment analyst has been fined £50,000 for using Bloomberg Instant Messenger to send "misleading and inaccurate disclosures" about a listed company, affecting its share price.

RBS and NatWest fined £2.8m for poor customer complaint handling

The Financial Services Authority has fined Royal Bank of Scotland and its NatWest unit a total of £2.8 million for failing to deal properly with customer complaints.

CME Group gets FSA approval for London clearinghouse

The Financial Services Authority has given Chicago-based derivatives exchange operator CME Group the green light to start clearing OTC trades in Europe early next year.

FSA to tap trader mobile calls despite bank protests over costs

The UK's Financial Services Authority is set to make investment banks record and store traders' mobile phone calls despite industry opposition to the move which could cost more than £10,000 a handset a year.

MP challenges Payments Council over abolition of cheques

A UK Member of Parliament has launched a bid to "save" the cheque, which the Payments Council is planning to ditch in 2018.

Multi-million dollar FSA deal fails to arrest Autonomy slide

News of a multi-million dollar agreement with the Financial Services Authority has failed to arrest a slide in the share price of search and discovery software house Autonomy that was triggered by a recent revision to its sales guidance and a downgrade note from a former staffer turned Deutsche Bank analyst.

Tesco mortgage plans delayed by tougher FSA checks

Tesco's ambition to build a full service banking operation has suffered a setback after the Financial Services Authority delayed giving the supermarket clearance to offer mortgages, according to the Observer.

FSA calls on banks to overhaul complaints handling as customer grievances soar

The Financial Services Authority (FSA) plans to shake up its complaints handling rules after revealing that more than 7000 gripes against high street banks are lodged every day, with Lloyds topping the league of shame.

SocGen hit with FSA fine for transaction reporting failures

Société Générale has been fined £1.575 million by the UK's Financial Services Authority (FSA) for failing to hand over accurate transaction reports.

FSA fines Zurich £2.275m over customer data loss

Zurich Insurance's UK arm has been hit with a record £2.275 million fine from the Financial Services Authority (FSA) over the loss of a backup data tape containing the details of 46,000 customers.

RBS hit with £5.6m fine for sanctions screening failings

Royal Bank of Scotland (RBS) has been fined £5.6 million by the Financial Services Authority (FSA) for IT systems failures that could have resulted in terrorist financing.

Drunk oil trader banned and fined

An oil trader who bought seven million barrels of crude in the early hours after "extremely heavy drinking" has been banned and fined by the FSA.

FSA warns on social media financial promotions

The FSA says financial firms must ensure they provide appropriate risk warnings when using new media such as social networking sites, blogs and forums to promote products and services.

FaceTime beefs up social networking policing app

FaceTime Communications has upgraded its Web gateway for firms looking to monitor and control employee content posted to blogs, wikis and social networking sites such as Twitter, Facebook and LinkedIn.

Technology, not regulation, key to fighting insider trading - survey

Insider trading is a systemic risk that is largely immune to regulation and instead needs to be tackled culturally and technologically, according to a survey of UK market players by MPI Europe.

Commerzbank hit with FSA fine for two-year transaction reporting failures

Germany's Commerzbank has been fined £595,000 by the UK's Financial Services Authority (FSA) for failing to provide accurate transaction reports used to fight insider trading.