Financial Conduct Authority

Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

(source: fca.org.uk)

Top News In Payments: Open Banking Could Expand In UK; Goldman Leads $1.75B Credit Line For WeWork
Top News In Payments: Open Banking Could Expand In UK; Goldman Leads $1.75B Credit Line...
December 18, 2019  |  News

In today’s top payments news, the Financial Conduct Authority proposed new data sharing rules to expand open banking in the U.K., and WeWork received $1.75...

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UK Banking Investigations Rise 16 Pct YOY
UK Banking Investigations Rise 16 Pct YOY
December 15, 2019  |  Bank Regulation

Probes into financial institutions in the U.K. are up for the first time since 2015 due in part to an increase in both white-collar and...

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UK Regulators Call For Backup Plans Following Bank IT Glitches
UK Regulators Call For Backup Plans Following Bank IT Glitches
December 05, 2019  |  Bank Regulation

U.K. regulators on Thursday (Dec. 5) called on banks and payment firms to set “impact tolerances” for important services after numerous IT failures last year,...

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FCA Questions Metro Bank Managers On Misreporting Allegations
FCA Questions Metro Bank Managers On Misreporting Allegations
September 17, 2019  |  Bank Regulation

Metro Bank senior managers are being grilled by the U.K. Financial Conduct Authority (FCA) about a misreporting scandal that caused stock values to fall in excess...

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FCA Agrees To 18-Month SCA Implementation Timeframe
FCA Agrees To 18-Month SCA Implementation Timeframe
August 13, 2019  |  Regulation

The Financial Conduct Authority said Tuesday (Aug. 13) that it has agreed to a phased implementation of the Strong Customer Authentication (SCA) rules slated to...

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Challenger Payments Platform VibePay OK’d By UK FCA
Challenger Payments Platform VibePay OK’d By UK FCA
July 11, 2019  |  Banking

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 its first product,...

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Regulators Say Facebook’s Libra Will Need Scrutiny 
Regulators Say Facebook’s Libra Will Need Scrutiny 
June 25, 2019  |  Cryptocurrency

More financial regulators are talking about Libra and saying that Facebook’s recently announced cryptocurrency won’t launch without close scrutiny, according to a report by the...

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FCA Tells Consumers To Be Wary Of Peer-To-Peer Loans
FCA Tells Consumers To Be Wary Of Peer-To-Peer Loans
April 02, 2019  |  Regulation

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 accounts, according to...

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Pan European Regulator: Key Weapon In Money Laundering War?
Pan European Regulator: Key Weapon In Money Laundering War?
March 12, 2019  |  Regulation

Among the latest headlines swirling in FinTech: Digital bank Revolut, based in the United Kingdom, has taken on an adviser, along with filling new positions,...

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