Speaking at the Credit Today Credit Summit in London, FCA chief executive Martin Wheatley said that given 30 million people hold at least one credit card it was right that the regulator explores whether competition in this market was working effectively for consumers.
The resilience of bank IT systems is set to come under the regulatory microscope in 2013/2014 as the UK's Financial Conduct Authority identifies technology risk as a key area of focus for the coming year.
Payday lenders and other high cost short term lenders will be the subject of an in-depth thematic review into the way they collect debts and manage borrowers in arrears and forbearance, the Financial Conduct Authority (FCA) announced today.
CME Group, the world's leading and most diverse derivatives marketplace, announced today it has received approval from the United Kingdom's Financial Conduct Authority (FCA) for a London-based derivatives exchange.
The UK's Financial Conduct Authority (FCA) has set out rules designed to boost protections for people lending and investing through P2P and crowdfunding platforms.
A new regulator to oversee UK payment systems will be introduced by April 2015. Payment systems make every payment to or from UK consumers possible, by allowing funds to be transferred between people and businesses.
The Financial Conduct Authority (FCA) has confirmed the final rules that will govern the £200bn a year consumer credit market, which includes approximately 50,000 firms, from 1 April 2014.
CoreFiling, the leading developer of XBRL (eXtensible Business Reporting Language) software used by regulators, government agencies and corporates world-wide, have announced that the UK's Financial Conduct Authority (FCA) has chosen CoreFiling's True North® XBRL validator for its EBA (European Banking Authority) reporting requirements and validation of Corep and Finrep filings from the UK financial market.
The Financial Conduct Authority (FCA) has fined Standard Bank PLC (Standard Bank) £7,640,400 for failings relating to its anti-money laundering (AML) policies and procedures over corporate customers connected to politically exposed persons (PEPs).
Aquis Exchange, a pan-European trading exchange set up by industry veteran Alasdair Haynes, has received approval from the UK's Financial Conduct Authority (FCA) to begin trading as a multilateral trading facility.
© Finextra Research 2014