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

Barclays Calls on Ex-CEO to Fight $50 Million UK Fine

Barclays Calls on Ex-CEO to Fight $50 Million UK Fine
Barclays Calls on Ex-CEO to Fight $50 Million UK Fine
November 24, 2024  |  Legal & Regulation

Barclays has reportedly asked ex-CEO John Varley to help it challenge a $50 million fine. Get the Full Story Complete the form to unlock this...

READ MORE >
Revolut to Expand Trading Products After Receiving UK License
Revolut to Expand Trading Products After Receiving UK License
November 18, 2024  |  Cross-border Payments

Global FinTech Revolut plans to offer its customers in the United Kingdom new trading products and features after receiving a U.K. trading license from the...

READ MORE >
FCA Gives Auto Lenders More Time to Manage Customer Complaints
FCA Gives Auto Lenders More Time to Manage Customer Complaints
November 13, 2024  |  Legal & Regulation

The U.K.’s financial watchdog is giving auto financing companies more time to deal with customer complaints. Get the Full Story Complete the form to unlock...

READ MORE >
UK’s FCA Fines Metro Bank $21 Million for Money Laundering Protection Lapses
UK’s FCA Fines Metro Bank $21 Million for Money Laundering Protection Lapses
November 12, 2024  |  AML

The United Kingdom’s finance regulator fined Metro Bank for failing to monitor money laundering risks. Get the Full Story Complete the form to unlock this...

READ MORE >
UK Government Aims to Provide More Protections to BNPL Users
UK Government Aims to Provide More Protections to BNPL Users
October 17, 2024  |  BNPL

The U.K. government said Thursday (Oct. 17) that it aims to provide buy now, pay later (BNPL) users with many of the protections provided by...

READ MORE >
Starling Fined $38 Million for ‘Shockingly Lax’ Crime Controls
Starling Fined $38 Million for ‘Shockingly Lax’ Crime Controls
October 02, 2024  |  Bank Regulation

Starling Bank has been fined 29 million pounds ($38 million) for failing to implement proper financial crime controls. Get the Full Story Complete the form to...

READ MORE >
FCA Wary of AI in Insurance; Harmonic Aims for Mathematical Breakthrough
FCA Wary of AI in Insurance; Harmonic Aims for Mathematical Breakthrough
September 26, 2024  |  Artificial Intelligence

Artificial intelligence is transforming the financial sector, with regulators highlighting potential “uninsurable” risks while innovative applications emerge in small business money management and mathematical problem-solving....

READ MORE >
UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust
UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust
September 25, 2024  |  Legal & Regulation

The United Kingdom’s Financial Conduct Authority (FCA) proposed requiring payments and eMoney firms to participate in a client assets (CASS) system in which funds and...

READ MORE >