Fca uk news

Here are some recent news articles related to FCA UK (Financial Conduct Authority):

Recent News

  1. FCA fines Barclays £26m for anti-money laundering failures: The FCA has fined Barclays £26m for failing to prevent money laundering and terrorist financing. The fine is the largest ever imposed by the regulator for anti-money laundering breaches. (Source: Financial Times, 24 February 2023)
  2. FCA launches investigation into collapsed crypto firm, Celsius: The FCA has launched an investigation into Celsius, a crypto firm that collapsed in July 2022, leaving thousands of investors with significant losses. The regulator is investigating Celsius's activities in the UK. (Source: The Telegraph, 21 February 2023)
  3. FCA warns of investment scams targeting vulnerable consumers: The FCA has warned of a surge in investment scams targeting vulnerable consumers, including the elderly and those with mental health conditions. The regulator is urging consumers to be cautious of unsolicited investment offers. (Source: BBC News, 17 February 2023)
  4. FCA proposes new rules for cryptoasset firms: The FCA has proposed new rules for cryptoasset firms, including requirements for anti-money laundering and terrorist financing controls, as well as stricter rules for marketing and advertising. The proposals are open for consultation until 28 April 2023. (Source: Financial Times, 14 February 2023)
  5. FCA fines Lloyds Bank £117m for historic payment protection insurance (PPI) failures: The FCA has fined Lloyds Bank £117m for failing to treat customers fairly in relation to payment protection insurance (PPI) policies. The fine is the largest ever imposed by the regulator for PPI-related breaches. (Source: The Guardian, 10 February 2023)

Upcoming Events

  1. FCA's Annual Report and Accounts 2022-23: The FCA will publish its Annual Report and Accounts for 2022-23 on 28 March 2023. The report will provide an overview of the regulator's activities and performance during the year.
  2. FCA's Consumer Investment Research Conference: The FCA will host its Consumer Investment Research Conference on 22 March 2023. The conference will bring together industry experts, academics, and policymakers to discuss the latest research and trends in consumer investment.

Recent Speeches and Statements

  1. FCA's CEO, Nikhil Rathi, speech on the future of financial services: FCA CEO Nikhil Rathi delivered a speech on 24 January 2023, outlining the regulator's vision for the future of financial services, including the importance of innovation, competition, and consumer protection.
  2. FCA's statement on the impact of the cost of living crisis on financial services: The FCA published a statement on 18 January 2023, highlighting the impact of the cost of living crisis on financial services, including the need for firms to support vulnerable consumers and maintain financial resilience.

I hope this information is helpful!