Financial Conduct Authority (FCA)

706 results about this entity

Period: 02 Sep 2004 - 16 Jul 2024

/regulation

FCA prepares to wield the whip on Consumer Duty

The Financial Conduct Authority has warned that it is prepared to take "robust action" against firms that fail to meet the impending Consumer Duty deadline.

/regulation

Revolut CEO claims banking crisis is delaying UK licence application - FT

Revolut CEO Nik Storonsky says the fintech's two-year quest to secure a UK banking licence is now being held up by "extra cautious" regulators spooked by recent events at the likes of Silicon Valley Bank and Credit Suisse.

/regulation

Crypto ATMs the target of continued FCA crackdown

The Financial Conduct Authority (FCA) has been working alongside the South West Regional Organised Crime Unit in Yorkshire, the Humber Regional Organised Crime Unit, and the Nottinghamshire Police Force to continue its crackdown on unregistered crypto ATMs.

/regulation

FCA proposes reforms to listings regime

The Financial Conduct Authority proposes to reform and streamline the listing rules in the UK to help attract a wider range of companies, encourage competition and improve choice for investors.

/regulation

Financial watchdog puts banks on alert over money laundering via the Post Office

The UK's Financial Conduct Authority has outlined measures to reduce the risk of money laundering via the Post Office, as more banks quit the high street and hand over the handling of cash services to the postal service.

/regulation

IFGS 2023: FCA and NayaOne partner on permanent digital sandbox

Jessica Rusu, chief data, information and intelligence officer, FCA took to the stage at Innovate Finance Global Summit, held at the Guildhall in London, to discuss the role of regulation in protecting both the public and the industry's infrastructure.

/regulation

UK regulators deliver roadmap for future of open banking

Financial regulators in the UK have laid out their plans for the future of open banking.

/sustainable

FCA to host Greenwashing TechSprint

The UK's Financial Conduct Authority is to host an international operational forum aimed at developing tools to tackle the rising tide of greenwashing in financial services.

/regulation

FCA stes out business plan for next 12 months

In its Business Plan 2023/24, the FCA has set out an ambitious programme for the next 12 months to achieve better outcomes for consumers and markets, in line with its 3-year strategy.

/people

FCA appoints top cop to oversee enforcement activity

The Financial Conduct Authority (FCA) has appointed Therese Chambers and Steve Smart as joint Executive Directors of Enforcement and Market Oversight.

/regulation

FCA lays down the law on ESG benchmarks

In September 2022, we sent a portfolio letter to benchmark administrators where we highlighted the risk of poor disclosures for ESG benchmarks.

/regulation

FCA takes aim at payment firms over 'unacceptable' risks

The Financial Conduct Authority has written to nearly 300 payment companies warning that it will shut them down if they do not take prompt action to address "unacceptable" risks to consumers and financial system integrity.

/markets

Some firms are paying over 26 times more than peers for index data

As the Financial Conduct Authority prepares an investigation into the wholesale data market, a new study from Substantive Research uncovers alarming price disparities in the fees charged to users.

/payments

UK regulators conduct 2022 review of supervisory responsibility for payment systems

The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) have a Memorandum of Understanding (MoU) that sets out the high-level framework the Authorities use to cooperate with one another, in relation to payment systems in the UK.

/crypto

FCA takes further action against unregistered crypto ATMs in East London

The FCA has used its powers to inspect several sites in East London suspected of hosting illegally operating crypto ATMs, as it continues its crackdown on the illicit sector.

/crypto

HSBC and Nationwide restrict customer crypto purchases

HSBC and Nationwide Building Society have become the latest UK lenders to impose restrictions on customers buying cryptocurrency, citing regulator concerns about the practice.

/regulation

FCA to tackle competition problems in market data sector

The UK's Financial Conduct Authority is promising an overhaul of the market data sector after a study found a lack of competition was hindering the UK's attractiveness to international investors.

/regulation

FCA demands "significant shift in culture" by e-money firms

The Financial Conduct Authority has warned e-money firms operating in the UK that they will need to undertake a "significant shift in culture and behaviour" if they are to comply with new Consumer Duty rules.

/regulation

FCA seeks views on updating asset management regulation

The Financial Conduct Authority (FCA) is seeking views on what regulatory change might help the UK’s asset management industry innovate, better support the investors it serves and boost competition.

/regulation

FCA censures Amigo for failing to conduct affordability checks on borrowers and guarantors

The FCA has publicly censured Amigo Loans Ltd for failing to conduct adequate affordability checks on borrowers and guarantors