The Financial Conduct Authority (FCA) has today fined Barclays Bank (Barclays) £72,069,400 for failing to minimise the risk that it may be used to facilitate financial crime.
Following the financial crisis, we recognise that firms have to deal with greater reporting requirements and meet higher regulatory standards.
The UK's Financial Conduct Authority (FCA) says that it sees "no fundamental reason" why the firms it regulates cannot use public cloud services.
The Financial Conduct Authority is set to take the wraps off its regulatory sandbox initiative with the aim of providing a 'safe space' in which businesses can test innovative products without immediately incurring all the normal regulatory consequences of pilot activities.
On Monday HM Treasury and the Financial Conduct Authority (FCA) will launch a joint consultation exploring what can be done to improve customers’ access to financial advice.
Over a quarter (26%) of applications from UK-based peer-to-peer lenders seeking FCA authorisation have been withdrawn, raising concerns over firms’ ability to meet new regulatory requirements, says consultancy Bovill.
The Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) Boards have appointed new members to four decision-making committees: the FCA’s Regulatory Decisions Committee (RDC) and Competition Decisions Committee and the PSR’s Enforcement Decisions Committee (EDC) and Competition Decisions Committee.
Instinet Europe Limited (Instinet) today announced that it has received regulatory authorisation from the FCA as a Payment Institution.
The UK could be swamped by P2P lenders after it emerged that more than 100 companies have sought regulatory authorisation while almost 200 are already operating via interim permission from the Financial Conduct Authority (FCA).
The UK's banks have failed to learn the lessons from a wave of scandals over rigging of financial benchmarks says the Financial Conduct Authority in a damning report on the industry's response to evidence of widescale market abuses.
© Finextra Research 2015