Search Results for: UK FCA
Banks told to declare links to Panama Papers law firm by next week
April 8th, 2016
Banks and financial firms have been told to hand over any information about their dealings with the law firm at the centre of the Panama Papers to the UK’s Financial Conduct Authority by a week on Friday. The City regulator had ...
Overall complaints fell by 1.4%, driven by a reduction in complaints related to current accounts and savings accounts. PPI complaints rise
March 31st, 2016
Financial services firms received 2.11 million new complaints between July and December 2015, according to new complaints data published today by the Financial Conduct Authority. Overall, there was a decrease of 1.4% in the number of complaints compared to ...
British and Australian financial regulators sign agreement to support innovative businesses
March 23rd, 2016
Under a new world-first agreement, innovative fintech companies in Australia and the United Kingdom will have more support from financial regulators as they attempt to enter the others’ market. As a result of the agreement signed today, the UK’s Financial ...
Barclays accused of ditching clients born in countries considered high-risk for money laundering
March 18th, 2016
Barclays has been accused of ditching clients who were born in countries that are classified as high-risk after it was pulled up by the Financial Conduct Authority in November for failing to do due diligence and proper financial crime ...
Former equities trader pleads guilty to insider dealing
March 16th, 2016
Damian Clarke, a former equities trader at Schroders Investment Management Limited, pleaded guilty at Southwark Crown Court to nine counts of insider trading. He will be sentenced on 13 June 2016. Mr Clarke pleaded guilty to seven counts of ...
Forex Broker Ironfx Australia Becomes Gvs Au, Trades As Fxgiants
March 8th, 2016
IronFX Global Australia, the Australian unit of forex brokerage IronFX Global, has been renamed GVS (AU) PTY, according to data published on the website of the Australian Securities and Investments Commission (ASIC). The company now operates under the FXGiants trading brand, according to ...
New accountability regime for banks and insurers comes into force
March 8th, 2016
The Senior Managers Regime for the banking sector and the Senior Insurance Managers Regime both come into force today. The new regimes will hold individuals working at all levels within relevant firms to appropriate standards of conduct and ensure ...
What impact will new European law have on the buy-to-let market?
February 19th, 2016
At the moment buy-to-let lending is not regulated. But new rules from 21 March 2016 mean that around one in ten of this type of mortgage lending will come under the regulatory control of the Financial Conduct Authority. What ...
Uberima unveils social-conscious short-term loans
February 15th, 2016
Uberima, a FinTech company set up as a for-profit Social Enterprise, intends to transform how consumers are served by the financial services industry. Uberima’s first objective is to revolutionise the broken short-term and payday loan industry, by having a ...
£2.9 million to be returned to investors who had invested in a fraudulent collective scheme
February 15th, 2016
Southwark Crown Court today ordered almost £2.65 million to be returned to investors who had invested in a fraudulent collective scheme established and operated by Alex Hope. In addition, Mr Hope was made the subject of a Proceeds of ...
