Redmayne Bentley to acquire clients from Everton FC broker Blankstone Sington as special administration continues Acquisition The private client business of wealth management company Blankstone Sington, which has been in special administration since October 2023, is to be acquired by Redmayne Bentley.
Regulator: Working with big tech including Google, Microsoft, Amazon, Apple and Meta is top priority Tech If the FCA deems technology companies' data useful for finance, it will "incentivise" sharing through Open Banking.
Peers call on regulator to halt ‘name and shame’ plans as City fury grows markets An influential group of peers has called on the Financial Conduct Authority (FCA) to halt plans to ‘name and shame’ the firms it is investigating as fury over the proposals grows in the City.
City group calls for scrutiny of UK regulators’ impact on competitiveness against international peers April 18, 2024 Greater comparison of the UK's financial regulators to their international counterparts is needed to better evaluate their secondary objective for competitiveness and growth, a top City body has argued.
Crypto ‘Wild West’: City regulator accused of pushing firms abroad April 16, 2024 The City watchdog has been accused of pushing British crypto firms abroad with its approach to regulation. Lars Mucklejohn takes a closer look at where the UK's digital assets industry is heading
Regulator warns firms over provisions for motor finance claims April 12, 2024 It said it had "observed firms taking different approaches to account for the potential impact of previous use of DCA on their financial resources."
Regulator floats reversal of key part of Mifid II as current rules ‘restrict’ UK asset managers April 10, 2024 It said today that following a consultation, it will open up new doors by giving them more freedom and choice in how they pay, amid concerns it makes UK asset managers internationally uncompetitive.
More than 7m Brits struggling with bills and credit repayments in January, regulator finds April 10, 2024 Around one in seven, or 7.4m, UK adults were struggling to pay their bills and credit repayments in January, according to a survey by the City regulator, as the cost of living crisis continues to bite.
FCA clamps down on ‘finfluencers’ hiding financial risks in their content March 26, 2024 The Financial Conduct Authority has issued new rules to clamp down on financial influencers, or ‘finfluencers’, hiding the risks of the products they’re promoting. In a report today, the FCA laid out details on how finfluencers and companies on social media should be appropriately including the risks of the products they’re promoting, while also not [...]
Regulator charges four over water scheme which defrauded investors out of £3.9m March 22, 2024 The FCA charged them with offences including multiple counts of conspiracy to commit fraud by false representation, while Sweeney and Simmons are also charged with money laundering allegations.