The Financial Conduct Authority has fined Merrill Lynch a record £13.3 million for repeated breaches of transaction reporting rules.
BNY Mellon (NYSE: BK) today issued the following statement regarding the findings of a U.K. Financial Conduct Authority ("FCA") investigation into compliance with relevant FCA Principles and U.K. Client Asset Sourcebook ("CASS") rules during the period from November 2007 to August 2013:
The Financial Conduct Authority (FCA) has today fined Clydesdale Bank Plc (Clydesdale) £20,678,300 for serious failings in its Payment Protection Insurance (PPI) complaint handling processes between May 2011 and July 2013.
The Financial Conduct Authority has set out the key areas of work it will undertake in the forthcoming financial year with the publication of its Business Plan for 2015/16.
Driven by customer demand, Instinet Europe Limited (Instinet) today announced its application as a Payment Institution with the Financial Conduct Authority (FCA).
The Financial Conduct Authority (FCA) has today published its guidance on financial promotions in social media. This follows detailed engagement and consultation with the industry.
The UK's current account switching service (Cass) has failed to produce a significant increase in the number of people moving banks, according to the Financial Conduct Authority (FCA), which says that a move to full account number portability could prove a more effective approach.
The UK’s leading peer-to-peer (P2P) lender RateSetter has hired Simon Pearse to join the Company in a new role as Head of Compliance.
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.
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