The Financial Conduct Authority (FCA) has fined Sonali Bank (UK) Limited (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days.
The Financial Conduct Authority (FCA) has today fined Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited (together Aviva) £8,246,800 for failings in its oversight of its outsourced providers in relation to the protection of client assets.
Andrew Tryie, the chair of the UK government's influential Treasury Select Committee has called on banking industry regulators to develop action plans and policies to protect consumer interests in light of the increasing use of biometric technology to access accounts.
The Financial Conduct Authority (FCA) has today (29 September 2016) published its third consultation paper on the implementation of the revised Markets in Financial Instruments Directive (MiFID II).
We believe consumers should be wary of dealing with OneCoin, which claims to offer the chance to make money through the trading and ‘mining’ of virtual currencies.
The UK's Payment Systems Regulator is to investigate complaints from consumer body Which? over the levels of protection offered by banks to customers who are conned into sending payments to fraudulent accounts.
The UK's Financial Conduct Authority has accepted 24 applicants, from a total of 69, to participate in its fintech sandbox, where innovative financial products can be tested before proceeding to authorisation.
The report draws together the findings of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority's (PRA) review into the failure of HBOS, Andrew Green QC's review of the enforcement decisions taken by the regulator, the independent review of these two reports by the Treasury Committee's specialist advisers and oral evidence taken from the publishers of all three reports.
The UK and South Korea have formed a "fintech bridge" that will help financial technology firms and investors from each country gain access to the other.
Firms operating dark pools have made significant progress in addressing the promotion and the management of conflicts of interest according to a new report from the Financial Conduct Authority (FCA) published today.
© Finextra Research 2016