Banks must ensure access to cash when closing branches under new FCA rules July 24, 2024 Banks and building societies looking to close branches will have to weigh up whether residents are able to access cash under new rules announced by the City watchdog today. Starting from 18 September, banks will have to assess whether closing local bank branches or ATMs leaves communities without adequate access to cash. Where significant gaps [...]
FCA spent too long ‘looking in on itself’ says former executive July 24, 2024 The Financial Conduct Authority may be sleepwalking into the next financial scandal after spending too long “looking in on itself”, a former senior official has warned. Speaking on the Following the Rules podcast, ex-regulator Gavin Stewart, former chief risk officer at the FCA and a veteran of its previous incarnation, the Financial Services Authority (FSA), [...]
Home REIT sister fund calls in investment manager to lead rescue effort July 23, 2024 A Home REIT sister fund under investigation by the City regulator has called in a new investment manager to try and save it from collapse and salvage tens of millions of pounds of pension cash, City A.M. can reveal.
FCA urges banks to improve treatment of politicians after Farage debanking row July 18, 2024 Over the last few months the Financial Conduct Authority (FCA) has been reviewing the treatment of so-called politically exposed persons (PEPs) after the debanking brouhaha last year.
City minister Tulip Siddiq: Fixing the foundations of our economy is ‘now a national mission’ July 16, 2024 In her first words to a business newspaper in this role, Tulip Siddiq tells the Square Mile she is committed to growth of financial services.
FCA and UK payments regulator launch inquiry into ‘risks’ of Paypal, Apple and Google Pay July 16, 2024 It follows previous work by the PSR on contactless mobile payments and the FCA’s examination of big tech’s role in financial services.
Schroders chief: FCA must not ‘muddle’ consumer powers with City competitiveness July 11, 2024 The boss of Schroders has called on the Financial Conduct Authority to more clearly separate its consumer protection powers from its duty to enhance the competitiveness of the City, as he issued a rallying cry to end “safetyism” in financial regulation.
Investment research budgets are finally on the rise again July 11, 2024 Investment research budgets have started to rise for the first time in six years, after European regulations hampered the growth of the industry.
FCA confirms biggest shake-up of listing rules ‘in 30 years’ July 11, 2024 The Financial Conduct Authority (FCA) has confirmed a sweeping shake-up of its listing rules today in a bid to revive the City’s public markets and correct a drop off in flotations over the past two years.
Love Island ‘finfluencers’ deny part in unauthorised Instagram trading scheme July 3, 2024 Three former Love Island stars who became social media “finfluencers” have pleaded not guilty to plugging an unauthorised investment scheme.