Lawyers warn regulator will want to send a strong message over non-financial misconduct December 11, 2023 There has been an uptick in firms facing scrutiny over non-financial misconduct, say lawyers, and this won’t be slowing down anytime soon they have warned. James Alleyne, legal director at Kingsley Napley noted, “non-financial misconduct is clearly a priority for the FCA.” He added: “regulated firms are certainly more conscious than ever about staff behaviour [...]
FCA: Banks could be forced to enshrine cash access as branch cuts press on December 7, 2023 Banks and building societies will be forced to ensure customers have access to cash amid fears that the shift to digital payments is shutting out swathes of the population, under new rules tabled by the Financial Conduct Authority (FCA) today.
FCA new proposals aim to ‘improve competition’ and credit information quality December 5, 2023 The UK’s financial watchdog released its report today with proposals aimed at improving the credit information market.
These tech companies have breached the most data rules this year December 3, 2023 Big tech companies have breached their fair share of data rules this year and regulators have dished out penalties. Here are the largest ones.
More than half of London’s bank branches have shut since 2015 December 1, 2023 The capital has seen 745 branches - or 58 per cent - close down in the past eight years, data from Which.co.uk revealed.
Financial watchdog to require ‘polluting’ firms to cover compensation costs November 29, 2023 Financial watchdog to require 'polluting' firms to cover compensation costs.
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.
City regulator could restrict short selling under proposed legislation November 23, 2023 The regulation would give the financial regulator the power to “prohibit or impose conditions” on people entering into a short sale.
City watchdog ‘is still failing’ burnt Woodford investors, MPs say November 23, 2023 The FCA "has failed, and is still failing" investors who were affected by the Woodford scandal, a group of MPs have said.
Shadowfall hedge fund turns against Darktrace November 19, 2023 The fund, led by ‘dark destroyer’ Matthew Earl, has shorted 0.52 per cent of Darktrace’s stock, worth around £12.8mn.