Financial Conduct Authority

UK Financial Watchdog Issues Cryptocurrency Derivatives Warning

The UK’s Financial Conduct Authority has warned of investment risks in cryptocurrency contracts-for-differences, a type of financial derivative.<p>The …

Bitcoin

Bitcoin is back: The cryptocurrency is nearing $7,000 again

Bitcoin prices resumed their recovery today, edging closer to the $7,000 level after a period of high volatility over the weekend.<p>The cryptocurrency …

Cryptocurrency

Pension sharkS target 130,000 UK steelworkers

Pension sharks are targeting the savings of 130,000 steelworkers during a massive restructuring of their retirement scheme.<p>Rogue advisers are …

Port Talbot

Nearly a third of people think bitcoin will collapse in the next six months

Although public awareness of bitcoin is now at an all time high, confidence in the cryptocurrency is still low as new research has suggested nearly a …

Cryptocurrency

Barclays posts out pin numbers alongside new debit cards

The bank’s actions are leaving account holders vulnerable, with many fearing their cards and pins could easily fall into the wrong hands<p>Barclays has admitted it has a “known” technical problem that is resulting in thousands of letters containing pin numbers being sent out in the post alongside new …

Banking

Equifax Q3 results: Not as bad as you might have hoped

Equifax's latest financials lay bare the costly fallout from the embarrassing security breach that exposed 143 million customers' privates in the US …

Equifax

Investors to get £66m back after Connaught fund collapse in 2012

The announcement was made by the City watchdog as its long-running inquiry into the Capita Financial Managers' (CFM) Connaught fund continues.<p>The …

UK News

Capita forced to pay out £66m to investors over Connaught fund farce

Capita's investment business has been forced to pay up to £66m to investors by the Financial Conduct Authority (FCA) over its handling of the …

Finance

Financial Conduct Authority still faces tough questions over RBS Global Restructuring Group scandal

Investing

UK markets watchdog reviews wholesale insurance broker sector

LONDON (Reuters) - Britain's markets watchdog will review whether the wholesale insurance broker sector is giving value for money following concerns …

Insurance

'We had £300,000 taken in payment scam'

<b>People who have been conned into authorising their bank to pay a fraudster could find it easier to get compensation, under plans being put together by the regulator.</b><p>The Payment Systems Regulator is trying to devise a way to reimburse victims of authorised push payment (APP) scams.<p>In the first half …

Banking

Retirement strategies in the UK and Down Under: lessons for SA

A few years after “pensions freedom reform” (the 2015 legislation that gave British retirees the flexibility to decide what to do with their …

Retirement

DAILY BRIEFING: Fraudsters jailed for stealing £7.5m

PAIR JAILED Two fraudsters have been jailed for stealing £7.5million from 193 vulnerable and elderly people by selling them worthless land.<p>Drew …

NYSE

HSBC Has Been Accused of Ignoring Money Laundering in an Epic Corruption Scandal

The British banking giant HSBC<p>chose to ignore money laundering by the Indian-South African Gupta family through its services, a British peer has …

Corruption

FCA’s biggest ever consumer survey: the 5 things you need to know

<b>In one of the biggest pieces of consumer personal finance research in history, the Financial Conduct Authority quizzed almost 13,000 individuals on</b> …

Money

Lawmaker calls for probe of UK bank's ties in South African money laundering case

British lawmaker Peter Hain said on Wednesday he has asked finance minister Philip Hammond to refer an unidentified UK bank to regulators for an …

Africa

Are more interest rate rises ahead?

<b>So, the Bank proved it could be a "reliable boyfriend" and did what it suggested it would.</b><p>Increasing interest rates became almost inevitable after the governor, Mark Carney, announced on BBC Radio 4's Today programme in September that, if economic growth kept on track, then "you could expect …

Economy

Deal with institutionalised corruption, or ‘the Guptas and the Zumas, will have the last laugh’

Peter Hain was born in Kenya to South African parents and moved with them to Pretoria when he was a toddler. His parents were later forced out of the …

Business (South Africa)

Hain calls for probe of UK bank's ties in South African money laundering case

(Reuters) - British lawmaker Peter Hain said on Wednesday he has asked finance minister Philip Hammond to refer an unidentified UK bank to regulators …

South Africa

RBS should accept criticisms in report 'more readily': FCA chief

LONDON (Reuters) - The head of Britain's financial watchdog said on Tuesday that it is "unfortunate" that the Royal Bank of Scotland (L:RBS) does not …

Stock Markets

Financial Conduct Authority takes backward step on its own diversity targets

The Financial Conduct Authority (FCA) was today forced to issue a reprimand to itself as data showed the City watchdog has moved further away from …

Gender

FCA denies government pressure over Aramco IPO

LONDON (Reuters) - The head of Britain's financial watchdog has rejected suggestions its proposed changes to listing rules for sovereign-controlled …

Saudi Aramco

BTC to DLT: Why Aren't Banks Giving Blockchain Startups Accounts?

<i>Noelle Acheson is a 10-year veteran of company analysis and corporate finance, and a member of CoinDesk's product team.</i><p><i>The following article</i> …

Bitcoin

UK watchdog revamps rules on research for stock market listings

LONDON (Reuters) - Investors in stock market listings in Britain will get access to independent research on companies preparing to list much sooner under final rules published by the Financial Conduct Authority on Thursday.<p>FILE PHOTO: The logo of the new Financial Conduct Authority (FCA) is seen at …

Brexit

RBS pays $44m to settle US case after traders accused of lying to customers over bond prices.

The Royal Bank of Scotland has paid out $44m to settle a US criminal investigation that accused its traders of lying to customers over bond …

News (Ireland)

Regtech: the Emergence of the Next Big Disruptor

<i>By Phillip Mann – International Banker</i><p>The aftermath of the global financial crisis brought with it a dramatic shift in focus towards the …

FinTech

UK watchdog revamps rules on company research ahead of IPOs

LONDON (Reuters) - Investors in stock market floats in Britain will get access to independent research on companies preparing to list much sooner under final rules published by the Financial Conduct Authority on Thursday.<p>The finalised rules make no significant changes to draft proposals the …

Wildfires

Newspaper headlines: 'NHS Airbnb' and 'remainer universities'

The Times highlights proposals to send NHS patients to Airbnb-style accommodation in order to free up beds in hospitals. The scheme, nicknamed NHS Airbnb, would pay homeowners with spare rooms to house patients. Private company CareRooms wants to begin a pilot scheme in Essex for about 30 patients. …

Equifax faces formal investigation by UK financial watchdog

in London<p>Equifax, the US credit reporting company at the heart of a cyber security scandal, faces a formal investigation by the UK financial watchdog …

Identity Theft

Rent-to-buy company ordered to pay £15 million compensation to customers

<b>Rent-to-buy company BrightHouse will pay out £14.8 million to 249,000 customers after a financial watchdog ruled it did not act as a ‘responsible</b> …

Banking