Financial Conduct Authority (FCA)

706 results about this entity

Period: 02 Sep 2004 - 16 Jul 2024

FSA slaps £4.2 million fines on three firms for transaction reporting breaches

The Financial Services Authority (FSA) has fined Credit Suisse, Getco and Instinet a total of £4.2 million for transaction reporting failures.

FSA wants firms to tape mobile phone calls

The Financial Services Authority is proposing new rules that would require banks and securities firms to tape and record staff mobile phone calls as part of a concerted crackdown on insider dealing.

SEC to build IT Forensics Lab

The US Securities and Exchange Commission is to build a new 'state-of-the-art IT Forensics Lab' after admitting that successive technology budget cuts between 2005 and 2007 severely constrained its ability to effectively police the markets.

UBS plans European dark pool

Swiss bank UBS is planning to launch a dark pool multilateral trading facility (MTF) for crossing orders in European stocks.

FSA and police find boiler room 'master list'

The Financial Services Authority (FSA) and City of London Police have uncovered a 'master list' of 10,000 UK names circulating among boiler room share fraudsters.

New UK bank starts fundraising

A new bank, called Walton & Co, could enter the UK market by the end of the year, with fundraising efforts underway to secure £200 million to kickstart the project, according to press reports.

FSA set to license new UK start-up bank - FT

UK financial regulators are set to approve the opening of the country's first new start-up bank in a century according to the Financial Times.

Nomura fined £1.75 million for derivatives bookmarking failings

The Financial Services Authority (FSA) has fined Nomura International £1.75 million for "widespread systems and controls failings" around book marking within its International Equity Derivatives (IED) business.

Voice Commerce wins Payment Institution license from the FSA

Voice Commerce, the UK-based biometric payment verification group established by former RBS WorldPay founder Nick Ogden, has received authorisation from the Financial Services Authority to establish as a Payment Institution under the European Payment Services Directive (PSD).

FSA fast payout rules signal data management challenge for banks

The UK's Financial Services Authority has signaled a revision to its rule book that will require deposit takers to put in place appropriate systems to create and maintain a single customer view (SCV) to ensure fast payouts under the Financial Services Compensation Scheme.

FSA fines UBS £8 million for unauthorised trading losses

The Financial Services Authority has slapped an £8 million fine - its third-largest ever - on UBS for failing to prevent employees from posting unauthorised trading losses to customer accounts.

FSA fines Seymour Pierce for employee fraud

Seymour Pierce has been fined £154,000 by the UK's Financial Services Authority (FSA) for failing to prevent an employee stealing from the stockbroker and its clients.

FSA finalises far-reaching overhaul of UK liquidity regulation

UK financial services firms are facing a multi-million pound compliance bill to meet new liquidity reporting requirements set out Monday by the Financial Services Authority.

Barclays fined £2.45 million for transaction reporting failures

The Financial Services Authority (FSA) has fined Barclays Capital Securities and Barclays Bank £2.45m for failing to provide accurate transaction reports to the watchdog and for "serious weaknesses" in systems and controls in relation to transaction reporting.

FSA looks into high-frequency trading and dark pools

The Financial Services Authority (FSA) is examining the impact of high-frequency trading and the use of dark pools on the UK equity market.

FSA fines HSBC units £3.2m for losing customer data

The Financial Services Authority has hit HSBC with fines totalling £3.2 million for security failings at three units that led to the loss of sensitive customer data, putting thousands at risk of identity theft.

Which? calls on bank regulator to tighten card fraud loss rules

UK consumer body Which? is calling on the Financial Services Authority to provide more detailed guidance on the evidence banks have to give in card fraud cases, as it releases research which indicates that approximately one-in-five ID fraud victims fail to get their money back.

SEC bids to shed light on dark pools

Securities and Exchange Commission (SEC) chief Mary Schapiro says the agency is to step up its scrutiny of dark pools amid concerns about the risks posed to market transparency and integrity by the proliferation of off-exchange trading venues.

Turquoise to launch liquidity aggregation service

Bank-backed equity trading venue Turquoise is set to launch a liquidity aggregation and order routing service after getting the go-ahead from the Financial Services Authority (FSA).

FSA orders banks to reassess flu contingency planning

The Financial Services Authority has called on UK financial services firm to assess their contingency plans in light of the recent outbreak of influenza in Mexico and subsequent alerts from the World Health Organisation.