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Financial Conduct Authority
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331Bank RegulationUK Regulators Call For Backup Plans Following Bank IT Glitches
U.K. regulators on Thursday (Dec. 5) called on banks and payment firms to set “impact tolerances” for important services after numerous IT...
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2.3KBank RegulationFCA Questions Metro Bank Managers On Misreporting Allegations
Metro Bank senior managers are being grilled by the U.K. Financial Conduct Authority (FCA) about a misreporting scandal that caused stock values to...
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4.7KRegulationFCA Agrees To 18-Month SCA Implementation Timeframe
The Financial Conduct Authority said Tuesday (Aug. 13) that it has agreed to a phased implementation of the Strong Customer Authentication (SCA)...
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2.5KBankingChallenger Payments Platform VibePay OK’d By UK FCA
London-based VibePay has won approval from the U.K. Financial Conduct Authority (FCA) to provide direct-to-bank payments via open banking. VibePay will launch...
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2.9KCryptocurrencyRegulators Say Facebook’s Libra Will Need Scrutiny
More financial regulators are talking about Libra and saying that Facebook’s recently announced cryptocurrency won’t launch without close scrutiny, according to a...
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4.4KRegulationFCA Tells Consumers To Be Wary Of Peer-To-Peer Loans
The U.K.’s Financial Conduct Authority has issued a warning to consumers regarding certain risks inherent in peer-to-peer loans held in individual savings...
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6.1KRegulationPan European Regulator: Key Weapon In Money Laundering War?
Among the latest headlines swirling in FinTech: Digital bank Revolut, based in the United Kingdom, has taken on an adviser, along with...
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6.3KConsumer FinanceFCA Calls For Lenders To Curb ‘Unacceptable’ Fees
The Financial Conduct Authority (FCA), the U.K.’s financial watchdog, has found that some lenders are inflicting their credit card customers with an...
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5.5KSecurity & FraudHacks On UK Financial Services Firms Jump In 2018
Data breaches at financial services companies in the U.K. jumped fivefold last year, underscoring how the industry is a prime target for...
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12.4KAMLDeep Dive: How To Improve Existing AML/KYC Requirements
The following Deep Dive examines how the 2008 financial meltdown paved the way for existing AML/KYC practices, and how FIs can work...
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5.6KBankingLloyds Criticized For Increasing Overdraft Fees
Lloyds Banking Group is being criticized for making its overdraft fees more expensive and complicated for its customers. According to The Financial...
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4.5KSecurity & FraudUK Financial Firms Plagued By Tech Outages
Financial Services companies in the U.K. aren’t doing a good job keeping their IT systems up and running, with the Financial Conduct...
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26.3KLegalIn UK, P2P Firm Seeks Help from Regulators
In the United Kingdom, a peer-to-peer (P2P) property lender has taken what the Financial Times called “the unusual step” of asking a...
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7.9KRegulationFCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses...
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3.3KB2B PaymentsU.K. Regs To Conclude RBS Probe Next Month As Criticism Mounts
The U.K. financial regulator, the Financial Conduct Authority (FCA), announced its plans to complete its investigation into the Royal Bank of Scotland...
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3.6KB2B PaymentsTSB IT Disaster Locks Entrepreneurs Out Of Accounts
The ongoing outage of TSB (Trustee Savings Bank) services in the U.K. isn’t just impacting consumers: The technical glitches that occurred as...
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4.3KB2B PaymentsUK, Australia Sign Stronger FinTech Innovation Pact
The U.K. and Australia are strengthening an existing collaborative agreement to promote FinTech innovation, according to reports in Mondo Visione. The U.K....
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4.0KBank RegulationUK Cracks Down On Bank Misconduct
The U.K.’s Financial Conduct Authority (FCA) is taking a zero-tolerance stance on misconduct at banks. The regulator in charge of policing this...
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3.5KB2B PaymentsMPs To Publish FCA’s Confidential RBS Report
U.K. policymakers are reportedly ready to release a confidential report penned by the Financial Conduct Authority (FCA) summarizing its investigation into the...
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3.7KB2B PaymentsFCA Explores How To Include More SMBs In FinServ Protections
In business banking news, the U.K.’s Financial Conduct Authority (FCA) plans to propose an extension of its jurisdiction from serving individuals and...
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8.0KBitcoinThe Beginning Of The End For Bitcoin?
Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than...
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5.1KB2B PaymentsWEX Lands License To Issue Cards Across Europe
Corporate payments company WEX is continuing its focus on the global expansion of its virtual payments operations through strengthening its presence in...
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3.2KInternationalUK’s FCA Sees Record Complaints In Latter Half Of 2016
U.K. consumers lodged 3.04 million complaints in the second half of 2016 concerning financial products. This according to figures published yesterday by...
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4.2KBrexitBrexit Tracker: VC Funding Remains Steady, SMEs Still Confident, FCA Risk Watchlist
Though Brexit has brought about a lingering air of uncertainty, there are some parts of the economy that are doing their best...
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3.8KRegulationFCA Calls For International Regulatory Framework For Fintechs
The UK’s Financial Conduct Authority (FCA) is calling for the creation of an international regulatory framework for FinTech startups to prevent a...
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2.8KConsumer FinanceFCA Proposes New Rules To Help Credit Card Debt Holders
The Financial Conduct Authority (FCA) announced Monday (April 3) it is proposing new rules to help customers who have ongoing credit card...
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3.3KRegulationCFO Lending Told To Pay Back More Than 97,000 Customers Due To Unfair Practices
CFO Lending, a U.K. payday lender, was told by the U.K.’s markets regulator that it has to return to customers $44.4 million because...
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4.2KB2B PaymentsUK Lawmakers Want A New Bank Regulator — Again
The U.K. Parliament’s Treasury Committee released its report on the effectiveness of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority...
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8.9KB2B PaymentsWhy Banks Are Ditching FinTech SMEs — Without Warning
Post-financial crisis regulations have forced banks to become more diligent and aggressive against financial fraud, including money laundering. In response to new...
