Golden

FCA

United Kingdom's financial regulator

The Financial Conduct Authority regulates along with the Bank of England's Prudential Authority, the UK's financial markets. The FCA was created by Tony Blair's Labour government when FSMA 2002 was passed, creating one unified UK regulator called the Financial Services Authority. The SEC (Securities and Exchange Commission), is considered the US equivalent.

Due to the collapse of Northern Rock, a UK bank, following the global financial markets crisis precipitated by the collaspse of Lehman Brothers, the UK's regulatory approach was revised. Clive Briault, who headed the Retail Supervision of all UK financial markets firms lost his job and was the scapegoat for the UK's light touch regulation. The Conservative government decided to merge the regulatory powers of the FSA with the Bank of England again, creating two separate entities, the PRA (Prudential Regulatory Authority), and the FCA (financial Conduct Authority).

Wholesale markets have dedicated account managers who manage relationships with large firms such as HSBC, Blackrock and others which have significant impact on UK financial markets.

Retail firms have access to a call centre and support but do not have dedicated teams to support them. Firms such as mortgage intermediaries and insurance brokers fit into this category.

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Connor Coombe-Whitlock
April 4, 2020
Express.co.uk
CORONAVIRUS has forced the government to make drastic changes to various economic rules. So far changes have been made to mortgage arrangements, employment rules and benefit systems but the FCA is proposing further changes.
Reuters Editorial
April 3, 2020
U.S.
Fiat Chrysler said on Friday it decided to postpone to late June its shareholders' meeting scheduled for April 16, as a consequence of the continuing coronavirus emergency.
Reuters Editorial
April 3, 2020
IN
Fiat Chrysler (FCA) has begun producing ventilator parts to help Italy's Siare Engineering boost its output of the medical equipment needed to treat patients during the coronavirus crisis, the carmaker said on Friday.
Connor Coombe-Whitlock
April 2, 2020
Express.co.uk
FINANCIAL relief has been proposed by the financial conduct authority (FCA) to support people on top of the existing state support. There have been a range of measures announced and the regulator hopes to have them enforced in the coming days.
Nick Carey
April 1, 2020
U.S.
With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand moved to reboot demand with seven-year, no interest loans and programs allowing customers to buy vehicles online.
Reuters Editorial
March 31, 2020
IN
Fiat Chrysler did not mention any possible delay in the merger process with France's PSA during a call with unions on Tuesday, metal workers' union FIOM said.
Reuters Editorial
March 30, 2020
U.S.
Fiat Chrysler top executives will temporarily cut their salaries to preserve the automaker's financial soundness during the coronavirus emergency, Chief Executive Mike Manley told employees on Monday.
Reuters Editorial
March 30, 2020
U.S.
A probable extension of Italy's lockdown could frustrate an attempt by Fiat Chrysler to resume some vehicle production at three Italian plants next week, a union representative said on Monday.
Reuters Editorial
March 30, 2020
U.S.
Fiat Chrysler (FCA) is looking to resume some vehicle production from next week at three plants in Italy if it gets the green light from the government, a union representative said on Monday.
Kirsten Korosec
March 26, 2020
TechCrunch
Toyota, Honda and Fiat Chrysler Automobiles will not reopen North American factories at the end of the month as planned as the COVID-19 disease spreads and dampens demand for new cars, trucks and SUVs. FCA said Thursday that plants across the U.S. and Canada, as well as headquarters operations and construction projects, are intended to [...]
Reuters Editorial
March 26, 2020
U.S.
Fiat Chrysler said on Thursday it has agreed a new credit facility with two banks, at a time when major carmakers are having to shut down plants, losing revenue as demand slumps in the wake of the coronavirus.
Manas Mishra
March 24, 2020
U.S.
Carmaker Ford Motor Co on Tuesday jumped into the emergency push by major U.S. manufacturers to produce thousands of ventilators and respirators needed to help combat the spread of the coronavirus under a partnership code-named "Project Apollo."
Kirsten Korosec
March 23, 2020
TechCrunch
Fiat Chrysler Automobiles said Monday it will start manufacturing face masks in the coming weeks and donate the critical medical equipment to first responders and health care workers -- the latest automaker to direct its manufacturing expertise towards the COVID-19 pandemic. The automaker confirmed to TechCrunch that production capacity is being installed this week at [...]
Simon Jessop
March 23, 2020
IN
British companies on Monday rushed to heed unprecedented calls by regulators to mothball their results in the face of the escalating coronavirus, the latest rewrite of the financial market rulebook.
Reuters
March 22, 2020
@bsindia
At least 324 people have so far been found to have contracted the disease in India
Jonathan Shieber
March 19, 2020
TechCrunch
The wild ride that has been U.S. stock market over the past couple of weeks may be settling down -- at least for the moment -- from the whiplash-like swings that helped set global markets on edge. The new economic normal that the pandemic has brought to countries across the world seems to be settling on [...]
Matt Burns
March 18, 2020
TechCrunch
Detroit's big three automakers are to shut down all factories due to fears over the coronavirus. This comes by way of the Associated Press citing a person close the matter. GM, Ford, and FCA are expected to the plans later today. Over the last few days, the United Auto Workers had been pushing the auto [...]
Reuters Editorial
March 17, 2020
U.S.
Fiat Chrysler (FCA) has resumed limited production at its Atessa facility in Italy, the automaker's only open assembly plant, having halted operations at most of its European factories, a spokesman said on Tuesday.
March 16, 2020
WebWire
The United Auto Workers (UAW), General Motors Co., Ford Motor Company and Fiat Chrysler (FCA) announced they are forming a COVID-19/Coronavirus Task Force to implement enhanced protections for manufacturing and warehouse employees at all three companies. UAW President Rory Gamble, GM Chairman and CEO Mary Barra, Ford Executive Chairman Bill Ford and President and CEO Jim Hackett, and FCA CEO Michael Manley will lead the task force. They will be supported by: , , , , , , • Terry Dittes, vice...
Giulio Piovaccari
March 16, 2020
U.S.
Carmakers including Fiat Chrysler , VW and its premium unit Audi throttled back production at their European plants on Monday as fears over the coronavirus took their toll on producing goods.
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