UK banks take first steps towards boosting bonuses after watchdogs scrapped cap February 26, 2024 UK banks are cautiously paving the way to awarding bigger bonuses after the financial watchdogs scrapped the cap on variable pay last year.
Unions go to war with FCA management (again) over performance-related pay February 26, 2024 Staff at the Financial Conduct Authority (FCA) have raised concerns that its new performance-based pay measures often do not beat inflation and are "weighted towards punishment".
Former Goldman Sachs analyst given 22-month prison term for insider trading February 16, 2024 A former Goldman Sachs analyst who was found guilty of six counts of insider trading and three counts of fraud has been sentenced to 22 months in prison.
FCA cracks the whip on consumer duty February 15, 2024 The Financial Conduct Authority is set to quiz financial advisers over whether they are properly following the new Consumer Duty regulations, after hearing that some may be overcharging customers. Around 20 of the largest advice firms are receiving a survey from the regulator, but the FCA stressed that their selection had not been based on [...]
FCA: Three arrested in ‘major’ operation linked to insider dealing and organised crime February 14, 2024 A "major operation" by the financial watchdog and national crime body has arrested three men accused of insider dealing and money laundering linked to gangs.
FCA bans London Capital & Finance boss over scandal which lost investors more than £200m February 13, 2024 The Financial Conduct Authority has fined and banned one of the former bosses of London Capital & Finance today over his role in the mini-bond scandal that left investors millions of pounds out of pocket.
FCA urges Big Tech to crack down on fraud amid rise in unauthorised firms February 8, 2024 The Financial Conduct Authority (FCA) has launched a fresh call for social media firms to do more to prevent mass fraud on their platforms, City A.M. can reveal.
Revealed: FCA hikes pay to fend off pull of the private sector January 30, 2024 The Financial Conduct Authority is set to hike pay across the board this year as it looks to pull in more staff from the private sector and fend off pressure from unions, City A.M. can reveal.
Auto finance industry could face £16bn in compensation payouts from FCA probe January 25, 2024 UK auto lenders could be hit by up to £16bn in compensation payments after the City watchdog confirmed its probe in historic commission arrangements would look at cases going back to 2007.
Brace for the ‘techlash’ says FCA chief as he warns on future of financial services January 23, 2024 The chief of the Financial Conduct Authority (FCA) has said the UK's financial services may need to prepare for a "techlash".