Crypto firms told they have three months to fall in line with FCA’s new marketing rules October 8, 2023 A slew of tough new Financial Conduct Authority rules aimed at making the marketing of digital assets clearer came into force today.
Government criticism of FCA’s consumer duty slammed by former watchdog official February 27, 2023 The City minister’s damning comments on planned consumer protection rules are a case of the government criticising the Financial Conduct Authority “for doing exactly what [it] has told it to do”, a former top regulator has said. City minister Andrew Griffith was reported to be scathing of the FCA’s planned consumer duty, which is set [...]
Badenoch accuses FCA of ‘overreach’ with diversity rules April 18, 2024 Kemi Badenoch has accused the Financial Conduct Authority of regulatory “overreach” on diversity and inclusion after the watchdog outlined plans to boost representation in the City.
The likely impact of the FCA Anti-Greenwashing Rule May 3, 2024 The FCA has finalised its guidance on the Anti-Greenwashing Rule. You can read the full document yourself here. This applies to all firms communicating in respect of a financial product or service’s sustainabilitycharacteristics, to persons in the UK – and it comes into legal effect in 5 weeks’ time. The guidance makes it very clear [...]
Why the FCA will name firms we are investigating April 29, 2024 The FCA will name some firms that are subject to enforcement investigations to reassure people that rules are upheld and integrity enforced
Axa rejects claim FCA’s Consumer Duty could hurt City’s finance sector March 22, 2023 The head of Axa’s UK & Ireland division has pushed back against claims the Financial Conduct Authority’s new Consumer Duty could hinder the City’s competitiveness. Claudio Gienal, chief executive of AXA UK and Ireland, told City A.M. he “supports” the FCA’s new customer-focused mandate. Gienal also said he doesn’t “see an issue with competitiveness” around [...]
FCA’s new sustainability rules to establish UK as world leader on anti-greenwashing January 25, 2023 Industry figures today claimed the UK was set to become a global leader in the fight against so-called greenwashing after the conclusion of a consultation by the financial regulator. The new rules aim to clamp down on greenwashing, when firms make exaggerated or misleading claims about the environmental credentials of their investment products. The Financial [...]
FCA senior man on the move to growing comms agency April 22, 2024 A SENIOR ADVISOR at the City watchdog is set for a new gig at a growing comms and public affairs firm. FCA man Ramesh Chhabra is to leave his role as right hand man to CEO Nikhil Rathi for a job at Lexington, the expanding comms agency. Chhabra – regarded as one of the most effective comms [...]
If you can’t afford your mortgage: What the FCA’s lender guidance means for borrowers March 10, 2023 Successive interest rate rises are increasing mortgage costs for millions of borrowers, according to both regulators, lenders and advisers. One of the main City watchdog shas estimated an extra 356,000 mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind. The Financial Conduct Authority has issued final [...]
FCA readies fresh ‘greenwashing’ clampdown with tightened regulation November 28, 2023 The Financial Conduct Authority will force firms to prove their environmental, social and governance (ESG) claims under a fresh clampdown designed to flush out ‘greenwashing’ from the City.