Britain will not sign a financial services deal with the EU at any cost, new FCA boss warns Brussels By Daily Mail City & Finance Published: 22:33 BST, 6 May 2021 | Updated: 22:33 BST, 6 May 2021 The boss of the City watchdog has fired a warning shot at Brussels, saying Britain will not … Read more
FCA raises the alarm over crypto bets frenzy just a day after Bank of England announced plans for a digital coin By Mark Shapland For The Daily Mail Published: 22:12 BST, 20 April 2021 | Updated: 22:12 BST, 20 April 2021 The City watchdog has sounded the alarm over crypto-currencies just a day after the … Read more
JEFF PRESTRIDGE: The FCA is stuck in lockdown over the Woodford saga By Jeff Prestridge for The Mail on Sunday Published: 22:31 BST, 10 April 2021 | Updated: 22:58 BST, 10 April 2021 Another week goes by and yet again there is more depressing news on fallout from the demise of the Woodford investment empire. … Read more
New young investors take on big risks by putting their money into cryptocurrencies and foreign exchange, regulator finds The Financial Conduct Authority said young investors use social media for tips Thrills, social status and gut instinct are motivating their investing decisions The regulator commissioned research looking into ‘self-directed’ investors By Jack Newman For Mailonline Published: … Read more
Young people are being drawn to high-risk investing despite almost two thirds admitting they can’t afford a significant loss, the financial watchdog has warned. The research, conducted by the Financial Conduct Authority, found that a new breed of young investors are attracted by the thrill and novelty of high-risk products rather than investing for the … Read more
ALEX BRUMMER: FCA finally shows its mettle by bringing money laundering charges against NatWest By Alex Brummer for the Daily Mail Published: 01:13 GMT, 17 March 2021 | Updated: 01:38 GMT, 17 March 2021 Who would have thought it? The dusty, slow to act, legalistic and over-cautious City regulator, the Financial Conduct Authority (FCA), daring … Read more
Provident Financial shares tumble as it reveals fresh watchdog probe and warns its doorstep lending arm could collapse after compensation claims jump FCA launches probe into ‘affordability and sustainability’ of loans handed out Provident is proposing £50m compensation scheme as complaints jump 200% Borrowers would receive ‘significantly’ less compensation under the scheme But if it’s … Read more
Pre-paid funeral deals will have to include a service to mark a loved one’s death in future under plans to crack down on rip-off providers. There will also be bans on cold calling, expensive add-ons and kickbacks to middlemen, to prevent people being mis-sold unsuitable funeral plans. The clampdown on firms that tout poor deals … Read more
Don’t count on us to prevent another LCF scandal, says FCA boss as he admits watchdog is ‘too risk adverse’ By Lucy White For The Daily Mail Published: 22:02 GMT, 1 March 2021 | Updated: 22:02 GMT, 1 March 2021 The City watchdog is too risk-averse, its boss admitted yesterday – as he outlined plans … Read more
FCA under fire over slow Woodford probe: MPs wonder why nothing has been heard of the inquiry 18 months on By Lucy White For The Daily Mail Published: 21:51 GMT, 18 February 2021 | Updated: 21:51 GMT, 18 February 2021 The City watchdog has been told to set out when it will conclude its probe … Read more