Wholesale data: Firms stuck in ‘endless cycle’ of price rises due to aggressive pricing strategies January 18, 2024 "Firms procuring market data never catch up with what vendors say they should be paying," Mike Carrodus said.
FCA to probe City firms on bullying and sexual misconduct reports January 18, 2024 City firms will be probed on how they deal with reports of workplace sexual harassment and bullying, including the use of NDAs, the financial watchdog has confirmed, after the limited progress of industry-led efforts.
City falls behind Europe as female appointments to top jobs slips dramatically January 15, 2024 City firms are facing calls for faster action on gender diversity after new figures showed the UK had slumped well behind European peers in appointing women to senior roles.
UK banks could face major losses over FCA motor finance review January 15, 2024 UK banks could be on the hook for billions in compensation, according to analysts, after the City watchdog announced a review into unfair costs on discretionary car finance commissions.
Regulator to investigate historic claims on car finance commissions January 11, 2024 "There is significant dispute between some firms and consumers on whether firms have breached legal and regulatory requirements," the FCA said.
Shares in Admiral and Direct Line sink after FCA regulator takes aim at premium finance January 10, 2024 In an interview with Insurance Post, Matt Brewis, head of insurance at the Financial Conduct Authority (FCA), described premium finance as a "poor product".
FCA presses on with listings shake-up in bid to revive London’s barren IPO market December 20, 2023 The FCA has confirmed its shake-up of the listing market in a new set of rules.
Russian director of UK payment company departs after FCA probe December 13, 2023 The director of a UK payment company that was recently put under notice by the Financial Conduct Authority (FCA) has left the firm. Mikhail Nadel’s position as director of Dzing Finance was terminated on 20 November, according to Companies House documents. Nadel (also known as Michael Strogonov), a Russian citizen, was once the chairman of [...]
City at risk of ‘policy overload’ as government pushes through reforms says FCA chair December 12, 2023 City firms are facing the risk of “policy overload” as the government pushes through a slew of reforms to the rules around the financial services sector, the chair of the Financial Conduct Authority warned today.
Hargreaves Lansdown and AJ Bell shares slump as regulator fires interest rate warning shot December 12, 2023 Hargreaves Lansdown and AJ Bell have slumped in value this morning after the Financial Conduct Authority fired a warning shot at retail investment firms over the interest income they are making on customers’ cash.