The CMA has published its final report on the payday lending market, including its decisions on measures to increase price competition between payday lenders and to help borrowers get a better deal.
Market abuse damages market integrity and undermines confidence in financial markets. At a firm level, association with market abuse causes reputational damage and can lead to substantial financial loss. Our regime requires firms to have effective processes to identify, monitor and manage the risk of market abuse.
The Financial Conduct Authority (FCA) is to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly.
Bloomberg announced today that as of December 1, 2014, Bloomberg's sell-side trading solution has been granted approval by the Financial Conduct Authority (FCA) to report securities with an International Securities Identification Number (ISIN) and Over The Counter (OTC) derivatives as part of the Approved Reporting Mechanisms (ARM) regime within the United Kingdom.
The Financial Conduct Authority (FCA) has reached an agreement with Affinion International Limited (“Affinion”) and 11 high street banks and credit card issuers, following voluntary negotiations, that will pave the way for customers to claim compensation if they have concerns about the way that card security products with the following product names were sold to them:
The Financial Conduct Authority is proposing a shake up of the £700 billion cash savings market after research showed that UK consumers are getting a raw deal from financial services firms.
The Payment Systems Regulator, the economic regulator for the UK's £75 trillion payments industry, has appointed three heads of department to help lead the new organisation. The Payment Systems Regulator becomes operational on 1 April 2015.
The Financial Conduct Authority today set out details of how it intends to meet the regulatory challenges ahead following a detailed review of its strategy, priorities and ways of working.
The Financial Conduct Authority (FCA) has today published the terms of reference for a credit card market study. The FCA announced the market study in April 2014 after its own research showed that the credit card market was not working well for some consumers.
The Royal Bank of Scotland and its subsidiary Ulster Bank have been hit with a £56 million fine by regulatory authorities over a computer malfunction in 2012 that locked customers out of accounts and knocked out payments processing systems.
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