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UNBELIEVABLE: 2 | History Defined

Proposals to make mortgage changes easier, faster and cheaper set out by FCA

The Financial Conduct Authority has launched a consultation into its proposals.

Evening Standard

Some banks ‘adding to stress’ of bereaved, warns regulator

The Financial Conduct Authority said some banks and building societies have clear policies and procedures but there are areas for improvement.

The Independent UK

FCA boss highlights issue of young people turning to crypto for investments

Financial Conduct Authority boss Nikhil Rathi said people risked losing their money.

Evening Standard

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‘Healthy debate’ needed around risks and benefits of drive for growth – FCA boss

Nikhil Rathi highlighted how growth could benefit people and businesses long-term, but also said ‘one or two more things’ could go wrong.

Evening Standard

City watchdogs axe proposals for new diversity and inclusion rules

The Financial Conduct Authority and Prudential Regulation Authority said they have ‘no plans to take the work further’.

The Independent UK

Vulnerable customers encouraged to seek support from financial services firms

The Financial Conduct Authority has highlighted examples of good practice by firms dealing with vulnerable customers and areas in need of improvement.

Evening Standard

Barclays ex-CEO Jes Staley mounts fight to distance himself from Jeffrey Epstein, contesting the UK regulator banning him from running a bank

The Financial Conduct Authority fined Staley $2.2 million and banned him from senior banking roles after finding he misled regulators about his relationship with Epstein.

Fortune

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Barclays Faces Money-Laundering Investigation

It acknowledged that watchdog Financial Conduct Authority is examining whether the bank's UK division had broken any laws by being too lax

International Business Times

Financial watchdog in ‘denial’ of problems claim MPs in fresh criticism

A cross-party group of MPs renewed their criticism of the Financial Conduct Authority, as the watchdog denied claims it has not offered to meet them.

Evening Standard

Racehorse owner John Dance charged with nine offences in ‘serious’ fraud probe

Dance is accused by the Financial Conduct Authority of transferring more than £64 million from client accounts.

Evening Standard

Head of financial watchdog defends performance after critical report from MPs

Financial Conduct Authority chief executive Nikhil Rathi has defended the organisation after the report by MPs and peers.

The Independent UK

UK finance watchdog softens ‘name and shame’ plans after City pressure

The Financial Conduct Authority said it is making changes, having ‘heard the strength of feedback’ about its original plans.

The Independent UK

Barclays drops court battle over 2008 Qatari deals to ‘draw line under’ issue

The bank had been due to challenge the Financial Conduct Authority’s (FCA) decision in the Upper Tribunal court in London this week.

Evening Standard

Barclays fined £40m for ‘reckless’ Qatari deals during 2008 financial crash

The bank had been due to challenge the case brought by the Financial Conduct Authority in court this week.

Evening Standard

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The Independent UK

Banks urged to increase awareness of ‘no frills’ accounts

The Financial Conduct Authority is encouraging account providers to do more to support those who want a bank account but do not have one.

The Independent UK

Consumer duty already having ‘tangible impact’ on customer outcomes

Financial Conduct Authority boss Sheldon Mills was speaking a year after the launch of the measure to improve consumer protection standards.

The Guardian - UK

‘The key thing is to have a plan’: the former City watchdog now helping to guide Keir Starmer

Charles Randell, ex-chair of the Financial Conduct Authority, cut his teeth helping the Treasury fight the financial crisis and is now a Labour election policy adviser

The Independent UK

Martin Lewis urges drivers to claim payout that ‘millions’ could be owed

Money expert Martin Lewis warned this could lead to a ‘PPI-type’ scandal as ‘millions’ of drivers could be owed financial compensation

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The Independent UK

FCA to review whether car finance customers could be owed compensation

The Financial Conduct Authority will look at historical discretionary commission arrangements in the motor finance market.

The Guardian - UK

Scale of bullying and harassment of women in City ‘shocks and alarms’ MPs

Cross-party Treasury committee says its private hearings suggest there has been no improvement in 20 years

The Independent UK

Building societies top Which? mortgage provider consumer satisfaction survey

Nationwide, Skipton and Yorkshire building societies received the highest scores in the annual survey from Which?

Zenger

Komainu Secures FCA Approval, Expands Digital Asset Custody Services

Komainu gains UK regulatory approval as custodian wallet provider

The Independent UK

£250bn in savings held in accounts which earn no interest

Around three in 10 adults do not have a savings account of any type, the Financial Conduct Authority said.

The Independent UK

Action plan to ensure savers are offered fair value drawn up by regulator

The Financial Conduct Authority has set out a 14-point plan to ensure banks and building societies are passing on interest rate rises appropriately.

The Independent UK

New consumer duty sets higher and clearer standards for financial firms

Overseen by the Financial Conduct Authority, it aims to ensure consumers are at the heart of what companies do.

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