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.
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.