Financial Conduct Authority (FCA)

713 results about this entity

Period: 02 Sep 2004 - 14 Aug 2024

Want to join the FCA sandbox? Better hire a legal and compliance team first

The Financial Conduct Authority's innovation sandbox is supposed to make it easier for new entrants to the financial services industry to navigate through the regulatory maze. However, for many participants the process of getting onboard and then finding willing customers to test their ideas on has been far from straightforward.

FCA hits Tesco Bank with £16.4 million fine for cyber failings

The UK's banking watchdog has slapped the banking arm of UK supermarket chain Tesco with a £16.4 million fine for its failure to prevent a cyber attack that affected thousands of customers in 2016.

TSB and HSBC latest to be hit by IT problems

The creaking IT infrastructure of the UK's major banks is in the spotlight once again as TSB's online banking services and HSBC's mobile apps crumble in the latest of a string of glitches across the sector.

Tesco Bank facing £30m fine over cyber breach

The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.

FCA warns of financial crime risks post-Brexit

FCA chair Charles Randall has warned that the UK will be unable to manage the risks of financial crime under a no-deal Brexit, emphasising the critical role played by cross-border data sharing agreements with EU member states.

FCA appoints new director of Competition

The Financial Conduct Authority (FCA) has appointed Sheldon Mills as its new director of Competition.

UK banks to publish financial comparison data in bid to drive up service standards

UK banks will have to inform customers about the quality of service on their websites and in branches, including how often the firm has had to report operational and security incidents and the level of complaints lodged, under new financial comparison rules introduced by the Financial Conduct Authority.

Regulatory bodies consult on creation of Global Financial Innovation Network

The UK's Financial Conduct Authority has collaborated with 11 regulatory bodies from Europe, the Far East and the US on the creation of a Global Financial Innovation Network (GFIN), building on proposales earlier this year to create a cross-jurisidctional fintech sandbox.

FCA to clamp down on misleading currency transfer rates

The UK's Financial Conduct Authority is making good on its promise to clamp down on the marketing and promotion of currency transfer services which promise exchange rates that are unachievable.

FCA to tighten rules for loan-based crowdfunding platforms

The Financial Conduct Authority is updating its loan-based crowdfunding rules in the face of growing complexity and poor practices since it first authorised trading in the market 18 months ago.

FCA to push for minimum interest rate on consumer cash savings

FCA opens a discussion on introducing a basic savings rate in the cash savings market The Financial Conduct Authority (FCA) has today published a Discussion Paper on price discrimination in the cash savings market.

FCA moves to improve competition in the investment platform market

Competition is working well for most consumers using investment platforms, according to interim findings of the Financial Conduct Authority's market study into investment platforms, published today.