Finance News – U.K.
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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 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 →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 →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...
Read Full Article →Government to clamp down on ‘buy now pay later’ services such as Klarna and Clearpay
The upcoming regulations will require lenders offering deferred payment options to assess consumers' ability to repay, aiming to enhance oversight and promote responsible borrowing...
Read Full Article →One in ten Brits have no cash savings, City regulator says
According to recent research by the Financial Conduct Authority, a significant portion of the population may lack sufficient financial resources to handle unexpected expenses, high...
Read Full Article →Financial Conduct Authority plans to ‘put public back in IPO’
The Financial Conduct Authority is introducing measures aimed at revitalizing the market and increasing investor participation in initial public offerings on the London Stock Excha...
Read Full Article →Banks called on to slash mortgage borrowing costs
The regulatory body is encouraging lenders to adjust mortgage policies in order to lower borrowing expenses, potentially making home loans more affordable and increasing accessibil...
Read Full Article →FCA promises to go ‘harder and faster’ in reforming financial sector
The FCA’s commitment to accelerating regulatory changes aims to reduce compliance costs and improve efficiency, potentially affecting investment firms’ operational expenses and cli...
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