FCA to strip back red tape after conceding consumer duty ‘overlap’ July 29, 2024 The Financial Conduct Authority (FCA) will strip back red tape from the City and “streamline” its regulatory rulebook after conceding that its stringent consumer duty rules were overlapping with swathes of existing regulation.
FCA spent too long ‘looking in on itself’ says former executive July 24, 2024 The Financial Conduct Authority may be sleepwalking into the next financial scandal after spending too long “looking in on itself”, a former senior official has warned. Speaking on the Following the Rules podcast, ex-regulator Gavin Stewart, former chief risk officer at the FCA and a veteran of its previous incarnation, the Financial Services Authority (FSA), [...]
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.