Finance News – Financial Conduct Authority
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FCA names interim FOS chair after abrupt leadership shake-up
The appointment of Liam Coleman as interim chair of the Financial Ombudsman Service aims to stabilize the organization amid leadership changes, which may impact regulatory oversigh...
Read Full Article →FCA urges UK insurers to improve motor insurance claim handling
The UK financial regulator highlighted that inadequate processing of motor insurance claims is contributing to increased premiums and emphasized the need for insurers to enhance th...
Read Full Article →Buy now pay later firms to face tougher rules from next July
Starting next July, stricter regulations imposed by the Financial Conduct Authority are expected to impact the operations and financial practices of installment payment service pro...
Read Full Article →New ‘buy now, pay later’ affordability checks may cover even smallest loans
The Financial Conduct Authority is introducing regulations that could require lenders to assess borrowers' ability to repay all buy now, pay later loans, potentially impacting the...
Read Full Article →FCA boss sounds alarm on financial warfare and debt levels
The FCA leader highlighted increasing government borrowing and potential assaults on the UK's financial systems as major concerns, urging enhanced transparency in government bond t...
Read Full Article →Barclays fined £42m over poor handling of financial crime risk
The regulatory authority imposed a substantial monetary penalty on Barclays due to inadequate oversight and risk management practices associated with two corporate accounts connect...
Read Full Article →Barclays slapped with £42m fine for financial crime failings
The Financial Conduct Authority imposed a £42 million penalty on Barclays due to deficiencies in the bank’s procedures aimed at preventing financial crime and adequately assessing...
Read Full Article →FCA plots regulatory bonfire to lower costs of raising capital
The FCA plans to ease capital raising regulations starting in January, significantly raising the threshold for mandatory prospectuses, which is expected to reduce expenses and faci...
Read Full Article →Top Tory slams FCA ‘mission creep’ after misconduct rules expanded
The expansion of regulatory requirements by the UK financial authority to cover a wider range of inappropriate behavior may increase compliance costs and affect operational practic...
Read Full Article →UK financial watchdog expands bullying rules to 37,000 City firms
The expansion of reporting requirements to a broader set of financial companies aims to enhance transparency and accountability, potentially reducing risks and improving overall ma...
Read Full Article →FCA ‘concerned’ over number of takeovers leaked to press
The regulatory body highlighted that premature disclosure of takeover information can impact market integrity by causing price fluctuations influenced by early reports rather than...
Read Full Article →Barclays Joins List of UK Banks Restricting Credit Card Crypto Buys
Barclays has implemented new limits on credit card transactions involving cryptocurrencies, reflecting growing regulatory concerns and efforts to prevent potential financial risks...
Read Full Article →City watchdog takes on advice gap to unlock growth
The Financial Conduct Authority aims to enhance market involvement by providing specialized assistance to individuals with specific financial challenges, potentially fostering incr...
Read Full Article →City regulators must work more constructively with businesses, experts say
Improving collaboration between regulatory bodies and companies could reduce expenses associated with compliance, potentially enhancing operational efficiency and fostering a more...
Read Full Article →Jes Staley loses legal case over City ban for misleading watchdog over Epstein links
The ruling confirms that Jes Staley is permanently prohibited from senior financial leadership roles in the United Kingdom, reflecting regulatory efforts to maintain integrity in t...
Read Full Article →Interest-only mortgage could make comeback as regulator revisits rules
The potential reintroduction of interest-only mortgages may influence the housing market by affecting borrowing options and risks for both lenders and homebuyers, impacting overall...
Read Full Article →FCA reviewing bank risk appetite to boost home ownership
The regulator’s assessment of lending practices aims to encourage more accessible mortgage options, potentially impacting housing affordability and stimulating broader economic act...
Read Full Article →FCA vows to take action faster amid jump in whistleblower reports
The increase in whistleblower submissions has prompted the UK regulator to accelerate its processing times, potentially enhancing oversight and financial market integrity through m...
Read Full Article →City regulators’ growth mandate ‘pointless’ without major reform
The report highlights that without substantial changes, the cautious approach of key financial regulators continues to hinder their ability to effectively support economic expansio...
Read Full Article →FCA chief: Court delays denying victims justice
Prolonged legal proceedings are hindering timely resolution for those affected by financial offenses and impeding the development of more effective oversight within the financial s...
Read Full Article →FCA names Sarah Pritchard Deputy CEO, expanding crypto oversight role
The appointment of Sarah Pritchard to deputy chief executive highlights the regulator’s increased focus on managing digital assets and enhancing its influence in global financial r...
Read Full Article →FCA appoints deputy chief to steer growth mission
The FCA’s creation of a deputy chief executive position aims to strengthen leadership capabilities and enhance regulatory oversight, potentially fostering a more stable environment...
Read Full Article →FCA boss: Buy now, pay later regulation is a trade off
The upcoming regulatory changes on buy now, pay later services aim to balance consumer protection with industry growth, potentially affecting both market dynamics and financial acc...
Read Full Article →FCA to lift ban on offering crypto exchange traded notes to retail investors
Allowing retail investors access to crypto exchange traded notes may increase market participation and investment opportunities while potentially impacting regulatory oversight and...
Read Full Article →UK banks to experiment with Nvidia AI in ‘supercharged sandbox’ scheme
The initiative enables financial institutions to test advanced AI technologies under regulatory oversight, aiming to accelerate technological development and support the broader ec...
Read Full Article →‘Freemen on the land’: YouTube videos tell homeowners they aren’t bound by mortgages
The rise of a conspiracy theory encouraging homeowners to challenge mortgage obligations poses potential risks to lenders and the broader financial system by increasing the likelih...
Read Full Article →Britain wants to lift a ban on a key crypto product — and catch up to the U.S.
The U.K.'s decision to allow sales of crypto exchange-traded notes to retail investors could influence market dynamics and align its regulatory approach more closely with that of t...
Read Full Article →FCA lifts ban on crypto trackers in growth push
The decision to allow crypto-related investment products for retail customers reflects a regulatory shift aimed at stimulating economic expansion despite potential high risks to in...
Read Full Article →MPs demand answers from Meta on finfluencers complaints
MPs have called on Meta to clarify its handling of harmful financial influencer content, highlighting concerns about the company's role in managing misleading posts that may impact...
Read Full Article →FCA: Motor finance redress scheme must keep market afloat
The proposed compensation program for the motor finance sector aims to maintain market stability while protecting consumer interests, highlighting its critical role in supporting t...
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