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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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TEMIE LALEYE
July 28, 2021
Express.co.uk
BUY NOW, PAY LATER is an option which may appeal to many shoppers, but Britons are being warned about feeding into a mindset of 'if you want something, you can have it now'.
JD Alois
July 25, 2021
Crowdfund Insider
Click HERE to find out ⭐ CoinBurp and Launch of $Burp Token Receives Consumer Warning from UK FCA. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
JD Alois
July 22, 2021
Crowdfund Insider
Click HERE to find out ⭐ UK Natwest is Next to Block Binance. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Rupert Jones
July 20, 2021
the Guardian
Five firms stop handing out recommendations after FCA identifies potential conflict of interest in debt solutions
Michael McSweeney
July 15, 2021
The Block
In December, SC Ventures, Standard Chartered's venture arm, announced that it was partnering with Northern Trust to launch a new crypto custodian.
Carol A Adams and Subhash Abhayawansa
July 15, 2021
phys.org
Many UK companies will have to make statements about the risks of climate change to their businesses under new proposals being put forward by the Financial Conduct Authority (FCA). So-called "premium-listed" companies that follow the highest regulatory standards are already having to make such statements in their financial reports as of this year, but the FCA now wants to roll it out to most other listed companies by 2023 (and other financial bodies such as asset managers).
Joanna Partridge
July 14, 2021
the Guardian
FCA still says mis-sold loans payout plan would offer customers less than they are owed
Caroline Donnelly
July 13, 2021
ComputerWeekly.com
Financial stability report by Bank of England's Financial Policy Committee raises red flag about banks' growing reliance on a small number of cloud service providers
Ciaran McGrath
July 13, 2021
Express.co.uk
POLICE have seized cryptocurrency valued at £294million as part of an investigation into money laundering.
JD Alois
July 12, 2021
Crowdfund Insider
Click HERE to find out ⭐ UK Based Payments Firm Clear Junction Stops Binance Transfers. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
July 9, 2021
The Economic Times
During the reporting week, the rise in the forex kitty was mainly on account of an increase in foreign currency assets (FCA), a major component of the overall reserves.
July 9, 2021
The Economic Times
During the reporting week, the rise in the forex kitty was mainly on account of an increase in foreign currency assets (FCA), a major component of the overall reserves.
Connor Coombe-Whitlock
July 9, 2021
Express.co.uk
PENSION savers have been urged to 'be savvy' before shifting their savings about by the DWP, with plans to support unsure retirees being released today. Going forward, pension scheme providers will be required to push holders to seek out guidance before making any decisions.
JD Alois
July 9, 2021
Crowdfund Insider
Click HERE to find out ⭐ Santander Says They Have Sopped Payments to Binance for Customers' Protection. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Yogita Khatri
July 8, 2021
The Block
Santander UK, the British unit of the Spanish banking giant, is the latest financial institution to block payments to crypto exchange Binance.
Richard Partington
July 7, 2021
the Guardian
Bank of England and FCA say more needs to be done to include wider range of voices in decision-making
Sky
July 6, 2021
Sky News
The regulator says people should "flip the context" if they are approached online with tempting offers.
Saniya More
July 5, 2021
The Block
Barclays clients based in the U.K. can no longer use a credit or debit card to make payments to the exchange until further notice.
Omar Faridi
July 5, 2021
Crowdfund Insider
UK-based Open Finance platform mmob has received FCA approval for Payment and Account Info Service Provision.
BBC News
June 30, 2021
BBC News
Regulators and campaigners say more needs to be done.
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