fca
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IIMI: Four key ways to improve UK asset management sector
The IIMI has suggested the Financial Conduct Authority replicate its peers in Luxembourg and Ireland in committing to promote the UK…
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FCA Speeds Up Cancellation of Unused Financial Services Permissions
The United Kingdom’s financial market supervisor, FCA, announced on Thursday that is speeding up the process of removal of regulatory…
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FCA approves AssetCo takeover of River and Mercantile
The approval comes one month after the reverse takeover received 100% shareholder approval at AssetCo’s annual general meeting, in what…
Read More » - Business
London ‘buy now, pay later’ startup Zilch heads to Miami with new office
A London “buy now, pay later” start-up is opening up in Miami as the fintech tries to crack America. Zilch plans…
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Anti-FCA activists to march on Parliament for better regulation
A campaign group is organising a march on Parliament to protest against a Financial Conduct Authority that it says is…
Read More » - Banking
HM Treasury in conversation with FCA over PRIIPs
At the end of March the FCA confirmed changes to PRIIPs, which included divergences from the EU regulation. One such…
Read More » - Finance
FCA sees flood of applicants for prized crypto job
Seventy-six applicants are vying to head up crypto regulation at the Financial Conduct Authority, Financial News can reveal. That is…
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Assessment of Value regime called into question as fund closures remain stagnant
Figures from Morningstar for Investment Week showed that since 2012, the average number of fund closures has been 146, with…
Read More » - Crypto currency
UK FCA Issues New Reminder about the Risks of Investing in Cryptos
The UK’s Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator…
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Unite’s application for recognition by FCA rejected by arbitration watchdog
The Central Arbitration Committee has dealt a blow to Unite, the union that applied for legal recognition as the formal…
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FCA Harps on ESG, Diversity as CISI Marks 30th Anniversary
The Financial Conduct Authority (FCA), the UK financial industry watchdog, has emphasized the importance of embedding environmental, social, and governance…
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Diversity ‘greenwash’ leads to new corporate culture standard from City Hive
ACT, standing for ‘Action, Challenge, and Transparency’, has been developed as a tool to diminish ‘greenwashing’, or reducing D&I to…
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FCA strike sees staff picket Stratford HQ: ‘Hey, hey, FCA much more work and much less pay’
Around 40 staff picketed the Financial Conduct Authority’s headquarters in Stratford this morning as employees began the first industrial action…
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FCA Raises Alarm on Screen-Sharing Scam as Victims Lost £25 Million
The United Kingdom’s financial market supervisor has raised a fresh warning against the rampant screen-sharing scams that victimized 2,142 people…
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Firms fear losing access to clients as FCA ramps up ‘use it or lose it’ drive
Finance firms are scrambling to avoid losing permission to offer crucial services to clients after the Financial Conduct Authority flooded corporate…
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FCA makes three senior hires
Mel Gunewardena is set to join the FCA as a senior advisor in mid-May. He is currently chief market intelligence…
Read More » - Business
Mode looks to reset with launch of bitcoin cashback
C rypto fintech business Mode has sought to reset its business with the launch of a new bitcoin cashback scheme,…
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Class systems and sharpening pencils: Why fund fees will never be equal
The headline was eye-grabbing since there has never been a universal principle of equality in asset management. Instead we have…
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FCA launches consultation on Russia side pockets
This consultation is seeking feedback on the processes that would allow funds to carve out Russian, Belarusian and Ukrainian assets…
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FCA’s Rusu announces expansion of guidance for fintech firms
Speaking at London’s City Week conference today (27 April), Rusu said that “the FCA has decided to shift into a…
Read More » - Banking
FCA’s Rathi announces new approach for firms amid calls for crypto clarity
“We need clarity around ruling out future Financial Services Compensation Scheme (FSCS) coverage for investment losses from crypto, even when…
Read More » - Crypto currency
UK FCA Warns on Clone Firm Crypto-Trade 365
The UK’s Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator…
Read More » - Crypto currency
UK’s FCA Raises Alarm on US Crypto Trading Firm
The Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for…
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FCA Raises Concerns over Challenger Banks’ Financial Crime Controls
The Financial Conduct Authority (FCA) recently released the outcomes of its review regarding the risk assessment by challenger banks. According…
Read More » - Crypto currency
FCA Asks UK Firms to Disclose Diversity Records in Annual Reports
In a policy shift, the United Kingdom’s Financial Conduct Authority (FCA) now requires listed companies in the country to disclose…
Read More » - Banking
FCA publishes final rules on diversity disclosures for listed companies
The financial watchdog has confirmed that failure to meet set targets must be accompanied with an explanation as to why.…
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US investment bank takes minority ownership stake in CRUX
Subject to FCA approval, Stephens will hold approximately 20% of CRUX share capital, with new ordinary shares issued to support…
Read More » - Finance
StanChart’s Tracey McDermott says fossil fuel investing could boost green revolution
Banks should continue funding fossil fuel companies if they are helping to lead the green transition, the chair of the Net-Zero…
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Over half of UK and EU domiciled funds are under £100m
According to Refinitiv, at the end of March there were 29,353 funds domiciled across the UK and EU and of…
Read More » - Business
Amigo Loans rescue moves step closer as FCA says it won’t oppose new plan
S ubprime lender Amigo Loans is a step closer to survival after the Financial Conduct Authority confirmed it will not…
Read More » - Finance
Reports of cyber threats to FCA spike 52%
The UK markets watchdog saw a 52% spike in cyber incident reports last year, new figures show. The Financial Conduct…
Read More » - Banking
FCA’s Response to the Complaints Commissioner Shows arrogance, aberration and abdication
In December 2021, the publication of the independent review by Dame Gloster Report into the £237m LCF scandal which cited…
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Regulators to review LME approach to suspension
The FCA and the Bank said the reviews, which will happen after “a period of stability”, will help to determine…
Read More » - Crypto currency
The FCA Announced a New Three-Year Strategy, Digital Assets Are Included
The FCA announced it had launched a 3-year plan to ‘improve outcomes for consumers and in markets throughout the UK’.…
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FCA drives fresh recruitment to tackle rogue firms
The Financial Conduct Authority is creating 80 new roles as part of a new recruitment drive to crack down on…
Read More » - Finance
FCA taps former TP ICAP, Barclays Capital staffers in latest hiring push
The Financial Conduct Authority has tapped up senior private sector staff as it creates two new directors in its critical authorisations…
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FCA’s lead supervisor for asset managers quits: ‘It’s a big loss’
The Financial Conduct Authority’s head of asset management Nick Miller is set to leave the watchdog to join ratings agency…
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FCA loses 49 staff from its supervision and enforcement teams
The Financial Conduct Authority has lost 49 senior employees from its supervisory and enforcement teams as part of a ‘voluntary…
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Most UK Spacs are nowhere near big enough for the FCA
As regulators in the UK express their concerns over small Spacs, new data shows the scale of the challenge blank-cheque…
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Facebook and Google duck questions about earnings from scam ads
Facebook and Google avoided questions from UK lawmakers about how much money they make from advertisements for unregulated financial products.…
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Bosses call lawyers over FCA’s ‘drastic’ threat to visit bankers’ homes
City lawyers are questioning the legal basis of the Financial Conduct Authority’s threat to inspect finance executives’ home offices to…
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City execs fear ‘captain deserting sinking ship’ after FCA chair’s shock resignation
The resignation of Financial Conduct Authority chair Charles Randell came as a shock to regulatory specialists in the City, who voiced…
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FCA staff slam bosses in leaked internal chats: ‘I’ve never worked in such an unhappy place’
Staff at the Financial Conduct Authority have blasted their bosses for decimating morale in a tense internal discussion on the watchdog’s plans…
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FCA set to lift salary freeze as staff push back over pay cuts
The UK’s Financial Conduct Authority is planning to end restrictions on pay rises for its roughly 4,200 employees next year,…
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Facebook, Twitter, TikTok need to ‘do the right thing’, says FCA
Tech giants Facebook, Microsoft, Twitter and TikTok need to “do the right thing” when it comes to promotions and advertisements for…
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FCA staff fight to unionise over bonus cuts as past attempts ‘shot down in flames’
Staff at the Financial Conduct Authority are fighting to form a union over plans to cut pay and perks at…
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FCA warns firms on Afghanistan terror financing and money laundering risks
The FCA has told financial services firms to be on guard against the risks of money laundering or terror financing…
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