Fca

Members of Unite have embarked on strike action at the Financial Conduct Authority (FCA) today in Edinburgh and London. This industrial action is the first action since the inception of the regulator. It follows many months of refusals by FCA management to listen to the concerns of their workforce.

The Financial Conduct Authority (FCA) is using emergency powers to prevent financial advice firms, who advised members of the British Steel Pension Scheme (BSPS), from disposing of assets to avoid paying compensation. The FCA has introduced these emergency rules, without consultation, in light of th

A review by the Financial Conduct Authority (FCA) has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. The watchdog found that in some instances, challenger banks did not have financi

The Financial Conduct Authority (FCA) has finalised rules requiring listed companies to report information and disclose against targets on the representation of women and ethnic minorities on their boards and executive management, making it easier for investors to see the diversity of their senior l

The Financial Reporting Council's (FRC) UKEB has extended the deadline to recruit members for its Investor Advisory Group (IAG) to Tuesday, 26 April 2022. The UKEB is establishing six advisory groups that will provide specialist knowledge and information as input into its technical decision-making.

The Financial Conduct Authority (FCA) has launched a new strategy to improve outcomes for consumers and in markets throughout the UK. As the FCA’s remit is broad and growing, the three-year strategy prioritises resources to prevent serious harm, set higher standards and promote competition. Th

The Financial Conduct Authority (FCA) has urged Facebook to take action on scam investment adverts following a rise in fraud attacks on social media platforms. Nikhil Rathi, chief executive of the FCA, listed Facebook’s owner Meta and Twitter as companies that must accelerate their crackdown o

The rising cost of living, increasing house prices and higher interest rates have forced house-buyers into taking out 35-year mortgages to afford their monthly repayments.

The Financial Conduct Authority (FCA) has published proposals for a compensation scheme for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advice to transfer out of the fund. The FCA has found that almost half (46%) of the advice it reviewed relating to BSPS was un

The number of reports to the Financial Conduct Authority (FCA) of alleged cryptocurrency scams has more than doubled in the last year. According to a Freedom of Information request, the FCA received 6,372 alerts about suspected crypto frauds in 2021, an increase from the 3,143 reported in 2020.

The Financial Conduct Authority (FCA) is taking action to tackle harm in the consumer investments market, as data published today shows it has stopped 1 in 4 firms from entering this market. The FCA is also urging consumers to be InvestSmart and ScamSmart, following an increase in the number of scam

From today new restrictions will apply to claims management companies (CMCs) to prevent them from charging excessive fees to consumers owed compensation from financial services firms. Under new Financial Conduct Authority (FCA) rules in force from today, the maximum consumers can be charged will dep

The Financial Conduct Authority (FCA) has fined Barclays Bank £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX. Barclays was Premier FX’s sole banker in the UK.

The Financial Conduct Authority (FCA) has secured changes to potentially unfair and unclear terms in the contracts of Clearpay, Klarna, Laybuy and Openpay. The FCA was concerned there was a potential risk of harm to consumers as a result of the way some of the firm’s terms were drafted.

Richard Lloyd has been selected as interim chair of the Financial Conduct Authority (FCA) while the Treasury searches for Chris Randell's permanent successor. Aidene Walsh will act as interim chair of the Payment Systems Regulator (PSR) from 1 April 2022.