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Financial Conduct Authority

  • 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 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.

  • 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.

  • City slams FCA’s £90,000 rebrand plans as a ‘total waste of money’

    June 26, 2024

    News that the Financial Conduct Authority (FCA) has committed almost £90,000 to a “brand refresh” has left the Square Mile fuming, with one City figure describing it as a “total waste of money”.

  • FCA under pressure to block Shein listing over forced labour concerns

    June 26, 2024

    The Financial Conduct Authority is under pressure to block the listing of fast-fashion giant Shein due to concerns over the company’s alleged use of forced labour in its supply chains.

  • Shein files papers for £52bn London listing – reports

    June 25, 2024

    Shein has confidentially filed papers for an initial public offering on the London Stock Exchange, according to reports.

  • FCA appoints interim retail banking boss after shake-up at payments regulator

    June 18, 2024

    The Financial Conduct Authority (FCA) has appointed an interim retail banking boss after parachuting in its director to lead the payments watchdog amid industry backlash over new fraud refund rules.

  • Debts, disputes and a ‘shadow CEO’: The curious case of Truspine

    June 18, 2024

    Truspine Technologies has failed to take off since it floated nearly four years ago - and some are arguing this failure merits further investigation by City regulators. City A.M. takes a closer look at the firm’s labyrinthine history, uncovering a myriad of debts, disputes and detractors

  • Anne Stevenson-Yang on China, audit reform and why she’s unsure about Yorkshire

    June 8, 2024

    City A.M. sits down with the co-founder of activist short-selling firm J Capital Research to discuss China, its companies and whether they require closer inspection

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