Financial Conduct Authority (FCA)

702 results about this entity

Period: 02 Sep 2004 - 23 May 2024

FSA ditches XBRL

The UK's Financial Services Authority has stated that it will not be introducing the eXtensible business reporting language (XBRL) format for filing of financial and regulatory returns.

MiFID to cost UK firms £1bn, says FSA

The Financial Services Authority (FSA) says implementation of the European Union's Markets in Financial Instruments Directive (MiFID) could cost the UK's financial services industry up to £1 billion.

FSA reforms conduct of business rules

The UK's Financial Services Authority (FSA) has issued recommendations for reforming its rules on conduct of business (CoB) in anticipation of the introduction of the EU's Markets in Financial Instruments Directive (MiFID) next year.

US, European regulators meet to discuss Euronext/Nyse merger

US and European regulators have been meeting to discuss the planned merger between New York Stock Exchange (Nyse) and Euronext and have said that the trans-Atlantic tie-up would not result in any regulatory changes to either market.

FSA warns credit derivative dealers

The Financial Services Authority (FSA) has warned investment banks and hedge funds to sort out operational efficiencies in the credit derivatives markets and improve the way they handle corporate data or face penalties.

Eurex Clearing sets sight on UK market

Deutsche Börse's clearing subsidiary Eurex Clearing has applied to UK financial regulators for permission to operate in London.

City to test bird flu contingency planning

London's financial district is to conduct a market-wide business continuity test to assess firms' readiness for dealing with an avian flu pandemic.

UK government to legislate to protect LSE

The UK goverment is introducing legislation to protect the London Stock Exchange (LSE) and its listings from disproportionate overseas regulation if the market operator is taken over by a foreign company.

UK watchdog to tighten soft commission rules

The UK's Financial Services Authority is proposing to redraft its rules on soft commission payments between brokers and fund managers to expressly prohibit the bundling of electronic information and automated execution services in return for research and other services.

Industry lobby urges FSA to drop MiFID best execution proposals

The Futures and Options Association (FOA) is calling for the UK's Financial Services Authority (FSA) to drop controversial proposals for the use of price benchmarks to demonstrate best execution in dealer markets.

Capgemini, TCS and Xansa win FSA mandate

The UK's Financial Services Authority (FSA) has awarded a multi-year contract to overhaul its information systems (IS) division to a joint bid from Capgemini, Tata Consultancy Services (TCS) and Xansa.

UK trade bodies band together to influence MiFID - FT

A group of 11 UK trade associations have banded together to influence the way the European Union's Markets in Financial Instruments Directive (MiFID) is implemented following fears that City regulators could take an "overly stringent approach" to the new measures, says the FT.

MiFID may hit LSE transparency, warns FSA

Plans to harmonise disclosure rules for large stock trades under the European Union's Markets in Financial Instruments Directive (MiFID) could end up reducing the transparency of the London stock market, says the UK's Financial Services Authority.

Industry groups hit out at FSA best execution proposals

Leading industry lobby groups have criticised proposals from the Financial Services Authority for the use of price benchmarks to demonstrate best execution in OTC and fixed income markets.

FSA cautions against extending MiFID to bond markets

The Financial Services Authority is to tell the European Commission that it sees no reason for extending MiFID transparency requirements to the UK's secondary bond markets.

FSA subscribes to Markit credit data

The UK's Financial Services Authority has signed a deal to access credit data pricing services from Markit in an effort to step up surveillance of the opaque OTC markets.

UK financial services firms spend £600 million on red tape

The UK financial services industry spends about £600 million a year dealing with regulatory red tape, according to a report published by the Financial Services Authority.

SOX not an immediate issue in LSE/Nasdaq tie-up, but regulatory implications remain says FSA

The Financial Services Authority has stated that UK-listed firms would not have to comply with Sarbanes Oxley and other US regulations if the London Stock Exchange is bought out by an American company, but cautions LSE stakeholders against future compliance headaches in a combined group.

FSA drops training and competence rules for wholesale banking staff

The Financial Services Authority (FSA) is relaxing regulations on the training and competence (T&C) of staff working in wholesale financial services firms despite its earlier warnings that organised gangs of criminals are infiltrating British banks to commit large scale frauds.

FSA warns banks to raise security standards

"Insider fraud" is one of the most serious threats faced by financial services firms, says the UK's Financial Services Authority (FSA) in a critical report on industry fraud protection practices.