Financial Conduct Authority (FCA)

713 results about this entity

Period: 02 Sep 2004 - 14 Aug 2024

The Big Data dilemma

How can we ensure that Big Data does not make us the prisoners of technology? That's the question posed by Charles Randall, chair of the Financial Conduct Authority and Payment System Regulator at a Reuters Newsmaker event in London.

Alliance challenges FCA to do more to support professionalism in UK financial services

A financial services Alliance with a combined global membership of 200,000 is challenging the FCA to do more to support professionalism in UK financial services.

UK regulators turn the heat up on bank IT failures

UK regulators have given British financial firms a three-month deadline to demonstrate their operational resilience in the event of a cyber attack or IT breakdown.

FCA welcomes firms working on crypto-assets to latest sandbox cohort

The Financial Conduct Authority's regulatory sandbox continues to gather momentum, with 29 firms - including some working with crypto-assets - getting the go-ahead to join the initiative's fourth cohort.

UK branch networks continue to shrink but won't disappear - FCA

Despite regular reports of its imminent death, the British bank branch is not going anywhere for some time, suggests a new report from the FCA which says that, even with the rise of mobile banking, physical networks are still crucial in attracting new customers and fending off competitors.

FCA to update rule book to accommodate APP fraud

The UK's Financial Conduct Authority is proposing to update its complaint handling rules to help victims of authorised push payment (APP) scams.

US Treasury fintech report to make regulatory recommendations

A much anticipated report from the US Treasury on regulatory reforms for the fintech sector is set to recommend the use of regulatory sandboxes and fintech charters at both a state and federal level.

Canara Bank censured by FCA for anti-money laundering failings

The Financial Conduct Authority (FCA) has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days.

TSB chief Pester criticised by FCA

The UK's Financial Conduct Authority has broken with convention and declared its intent to investigate the catastrophic computer breakdown at TSB following its migration to a new banking platform from parent Banco Sabadell.

Banks will have to develop PFM tools under FCA high-cost credit reforms

UK banks will be forced to develop develop alerts for customers who may be about to slip into the red as well as a range of prompts and PFM tools that make it easier to keep on top of finances following a review by the Financial Conduct Authority into the high-cost credit market.

FCA puts robo advisors to the test...and finds them wanting

We identified promoting innovation and competition as cross-sector priorities in our 2017/18 Business Plan. We want financial innovation in our markets to thrive where it delivers good outcomes for customers in terms of value, costs and choice.

Surge in phishing follows TSB IT fiasco

TSB customers are experiencing a surge in phishing activity as criminals take advantage of the chaos and confusion surrounding the UK bank's botched IT platform switch.