The Financial Conduct Authority (FCA) has found that some price comparison websites operating in the general insurance sector are failing to meet consumers' expectations of them and, in some cases, the FCA's regulatory standards.
The UK's Financial Conduct Authority is to probe for anti-competitive practices in the pricing and packaging of pre- and post-trade wholesale market infrastructure.
Thank you. It's a great pleasure to join everyone this afternoon and my thanks to Lansons for inviting me back. Last year, I set out some of our key ambitions for the year - particularly around the importance of promoting good conduct in the financial sector, and its link to priority issues like trust and confidence.
Thank you for that kind introduction. And my sincere thanks to everyone here for joining this lunchtime session. It's a great pleasure and privilege to return to New York. I want to offer a few reflections this afternoon on market innovation and, in particular, the on-going debate around high frequency trading (HFT), which has dominated global media over the last few months.
The Financial Conduct Authority is looking to foster innovation in the UK financial services industry by setting up a policy hub to provide guidance to firms on new products and technology developments and an 'incubator' to fast-track startup businesses for regulatory authorisation.
The newly created Payment Systems Regulator (PSR) today appointed Hannah Nixon as its first Managing Director.
Bondora (formerly known as isePankur) is now authorised and regulated by the UK based Financial Conduct Authority (FCA).
The Financial Conduct Authority (FCA) has banned John Christopher Hughes from performing any function in relation to any regulated activity in the financial services industry for failings related to US$2.3 billion unauthorised trading losses by another trader Kweku Mawuli Adoboli.
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.
© Finextra Research 2014