fca
- Finance
Delay over NatWest money laundering probe angers MPs
Lawmakers have expressed their frustration that a recent prosecution of NatWest over money laundering failures took five years to reach…
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FCA urges new rules to compel Google, Facebook to urgently tackle online fraud
The Financial Conduct Authority has called on the government to force digital platforms like Google and Facebook to prioritise investment…
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Peer rivalry drives youngsters to crypto and meme-stock craze
Youngsters are flocking to high-risk markets like cryptocurrencies because they see investing as a competition with their peers, new research suggests. Three…
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If banks can’t stop money laundering, it is time for regulators to do more
Some financial crimes are so sophisticated it is easy to see how they went undetected. The NatWest money laundering debacle…
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Ex-FCA staff fear talent drain amid bonus cuts
Former staffers at the Financial Conduct Authority said more people could leave the regulator as it undergoes a major project to transform its culture.…
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Chancellor sets out regulatory roadmap to tackle greenwashing
The requirements, which will also apply to pension schemes, will require businesses to begin to disclose the environmental impact of…
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Top ten takeaways from Greening Finance: A roadmap to sustainable investing
Getting the right information to market participants SDR will build on the UK’s Task Force on Climate-Related Financial Disclosures (TCFD)…
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Industry questions ‘unusual’ departure of Charles Randell from FCA
Simon Morris, a financial services partner with CMS, described the lack of a “customary second term” as “surprising” and questioned…
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FCA chair Charles Randell resigns in shock move amid staff morale crisis
The chair of the Financial Conduct Authority has resigned, amid a period of turmoil at the UK’s markets regulator. Charles…
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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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Winterflood: It is time to democratise debt markets
Despite this, debt markets remain strangely anchored in the past. While the retail investor has become resurgent in the equity…
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Charles Randell steps down as chair of the FCA before term ends
Randell was appointed chair in April 2018 and was due to hold the appointment for five years but plans to…
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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 staff take steps to form union amid bonus cuts and ‘demoralised’ workforce
Unite launched a petition to be officially recognised as the union for Financial Conduct Authority staff, as employees at the…
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AIC: Keep private investors away from LTAF to prevent Woodford 2.0
The warning comes following a report from Research in Finance, which revealed that 86% of investors in the former Woodford…
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FCA made a rule that funds need independent directors, but it’s not keeping track
The Financial Conduct Authority does not know how many fund managers are meeting requirements around the number of independent directors on their…
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FCA to scrap bonus payments for all staff in major pay overhaul
The Financial Conduct Authority is planning to scrap bonuses for its roughly 4,200 workers as it fires the starting gun on…
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FCA kicks off consultation on staff terms and conditions
The Financial Conduct Authority has kicked off a consultation on terms and conditions for its staff amid internal opposition to…
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FCA to take ‘tough, assertive approach’ to Brexit permissions lapsing
The UK regulator has said it will take a “tough, assertive approach” to firms operating in the region with temporary permissions…
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FCA board backs plans to overhaul pay despite concerns over staff morale
The Financial Conduct Authority’s board is throwing its weight behind plans to overhaul pay and conditions at the regulator, despite concerns…
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FCA proposes salary overhaul and end to discretionary bonuses
In an internal consultation, Nikhil Rathi, chief executive of the FCA, announced the regulator was proposing “tough decisions”, including the…
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FCA’s London execs in line for bigger pay cheques than peers in Leeds, Edinburgh
Directors at the Financial Conduct Authority in London could earn up to £114,000 more than their peers in regional offices…
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FCA to publish own TCFD report next year
Speaking as the keynote at the SRI Services Good Money Week event, Mark Manning – technical specialist, sustainable finance and…
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NatWest pleads guilty to compliance failure over money laundering
NatWest Group pleaded guilty to criminal charges for failing to comply with regulation that requires systems and controls to prevent…
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FCA has not rejected a fund application in five years despite complaints over fund quality
A recent Freedom of Information (FOI) request submitted by Investment Week to the FCA has revealed that out of the…
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FCA ‘keen’ for info on Google’s scam crackdown as criticism mounts
The Financial Conduct Authority is still awaiting information on whether Google’s plans to crack down on online investment fraud are…
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FCA chief to City: Work with us, not against us
The UK’s Financial Conduct Authority has called on financial services professionals to work with the regulator to help it navigate…
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ESG metrics on AoVs: ‘Positive and brave’ or ‘green-value kumbaya’?
Schroders’ recent announcement that it will include sustainability metrics in its next Assessment of Value (AoV) report is a “very…
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Monzo confirms plans for buy now pay later product called ‘Flex’
M onzo has announced plans to launch a “buy now, pay later” product dubbed Flex that will let customer spread…
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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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Schroders commits to publishing sustainability data in value assessments
The firm’s current AoV approach is aligned with the FCA’s seven areas of focus, and also includes a statement in…
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Monzo is getting into the booming buy now, pay later market
D igital bank Monzo is set to enter the fast-growing but controversial buy now pay later market, the Standard can…
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Company director jailed for £2.5m money laundering fraud
Richard Faithfull was handed down the five year and 10-month sentence by Judge Tomlinson following a four-day hearing. He has…
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FCA urged to show it is listening to staff amid confusion over planned reforms
The Financial Conduct Authority’s board has warned the regulator that it must demonstrate it is “seeking to understand the concerns of staff”,…
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Leaked FCA memo shows bosses seek to quell staff outcry as morale slumps to ‘all-time low’
Bosses at the UK’s Financial Conduct Authority are set to hold weekly morale-boosting meetings with employees, after its latest staff…
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Is it the regulator’s job to name and shame ‘dog funds’?
Asset managers breathed a collective sigh of relief in July when they took a look at the Financial Conduct Authority’s…
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Regulators’ crypto dilemma laid bare as El Salvador banks on bitcoin
The question of what regulators should do about cryptocurrencies is only becoming more complicated, as one small central American nation…
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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 employees fear bonus cuts could be worse than predicted
Concerns are mounting amongst Financial Conduct Authority staff that the vast majority of the regulator’s workforce will see their pay cut under…
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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 staff asked to return to office once a week from November
The Financial Conduct Authority’s London-based employees have been asked to return to the regulator’s London office for at least one…
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Young investors: a new vulnerable demographic?
However, the ease with which younger investors can access new platforms to make gains – and losses – is fuelling…
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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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Mounting workloads and staff struggles: Can the FCA keep up?
Experts are questioning whether the Financial Conduct Authority can keep up with its mounting workload, as doubts swirl over whether the…
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Staff churn, mounting workload, and crypto incapacity: Here’s what’s challenging the FCA
In an otherwise quiet late August, the UK’s markets watchdog has dominated the news agenda. Amid a challenging year in…
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Liontrust Global Equity fund to be renamed Liontrust Global Innovation
Dowey and Uru, who also manage the Liontrust Global Dividend fund, jointly developed the Global Innovation approach to the Global…
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FCA ‘not capable’ of effectively supervising Binance
Binance has been under pressure from global regulators over recent weeks, with the FCA deciding to ban the centralised exchange…
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Staff churn doubles as Scottish FCA ahead of pledge to boost hiring
Staff turnover more than doubled in 2020 at the Financial Conduct Authority’s Edinburgh office compared to the year before, amid…
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Binance ‘refusal’ to cooperate leaves FCA unable to scrutinise crypto firm
The UK’s Financial Conduct Authority has said it is “not capable” of supervising Binance because the controversial cryptocurrency exchange has…
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FCA backtracks draft rules forcing funds to monitor advice quality after asset managers object
The Financial Conduct Authority has rowed back on a controversial suggestion that some UK funds should be responsible for the quality…
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