Why City of London firms are plotting a revolt against the FCA April 20, 2024 City firms are plotting a revolt against the regulator and calling on top trade bodies to intervene after the Financial Conduct Authority revealed plans to name and shame the firms it is investigating last month.
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.
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
Cum-Ex: Billion pound Danish tax authorities trial starts on Monday in London. Here is what you need to know April 13, 2024 The Cum-Ex scandal is the name given to a huge volume of transactions prior to 2012 that involved exploiting a loophole on dividend payments that enabled a number of parties to claim the same tax refund.
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.
Pair handed suspended prison sentences for ‘systematic’ £3m mortgage fraud March 28, 2024 Two men have received suspended prison sentences for making £3m worth of fraudulent mortgage applications following a prosecution brought by the Financial Conduct Authority (FCA).
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 [...]