FCA dismissed whistleblower’s ‘extreme retaliation’ claims with legal mistake October 3, 2023 The City watchdog dismissed the complaints of a whistleblower and allegedly left them open to a barrage of retaliation from their former employer because officials wrongly interpreted the law, City PM has learned.
FCA in data protection scandal over ‘intercepting and diverting’ emails October 2, 2023 The Financial Conduct Authority is at the centre of a data protection scandal over a policy of “intercepting and diverting” emails of its staff to keep track of people “considered a nuisance”, according to reports. The UK’s data watchdog, the Information Commissioner’s Office, has concluded that the FCA had “infringed their data protection obligations” after [...]
Cash-strapped Brits pushed towards payday loans and buy-now pay-later, FCA warns September 29, 2023 The Financial Conduct Authority has warned the cost of living crunch is pushing Brits toward payday loans and buy-now pay-later products today as it launched a fresh financial inclusion drive.
FCA set to probe private asset valuations amid fears of liquidity crisis September 27, 2023 The Financial Conduct Authority is set to probe the way investors value the private assets on their books as it continues a deepdive into the liquidity of the market in the UK.
City watchdogs target diversity in finance with raft of new rules September 25, 2023 The City watchdogs have taken aim at lacklustre diversity and equality in the Square Mile today with a raft of proposals designed to boost representation and stamp out bullying and sexual harassment.
FCA warns insurance firms to make sure they are offering fair value September 20, 2023 The City regulator has given firms producing a type of add-on insurance to motor cover an ultimatum to demonstrate they are providing fair value.
Banks not closing accounts due to political views, FCA finds September 19, 2023 Banks have not been closing customer accounts for political reasons, according to the initial findings of an investigation by the FCA.
FCA poised for fresh clampdown on firms with new marketing rules September 12, 2023 FCA poised for fresh clampdown on firms with new marketing rules
PEPs: Banks under renewed pressure as City watchdog begins review into treatment of politicians September 5, 2023 Financial services firms denying banking services to politicians will come under renewed scrutiny as the City watchdog launched its review into domestic politically exposed persons (PEPs).
FCA: One in 10 interest-only mortgage holders may be ‘overly optimistic’ on debt August 15, 2023 One in 10 interest-only mortgage holders might be “overly optimistic” about paying off their debt when the time comes, the City watchdog has suggested.
