FCA

MPs raise ‘serious concerns’ over next Bank chief’s record as FCA boss

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MPs raise ‘serious concerns’ over next Bank of England chief Andrew Bailey’s record as FCA boss By Daily Mail City & Finance Reporter Published: 21:51 GMT, 5 March 2020 | Updated: 21:51 GMT, 5 March 2020 Andrew Bailey has come under fire over his leadership of the City watchdog just days before taking over at … Read more

FCA warns banks to play fair in switch from Libor to Sonia

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The financial watchdog has warned banks it will be watching like a hawk to ensure they play fair as they shift businesses and borrowers from the discredited Libor interest rate. A senior Financial Conduct Authority director told This is Money that if it sees problems with banks it will ‘challenge hard’ and ‘intervene’, to reassure … Read more

Data breach: FCA accidentally publishes personal information on its website

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Thousands of names, telephone numbers and addresses leaked online by the FCA after it accidentally publishes them on its website Nearly 2,000 people who complained about the FCA had their details published The FCA admitted it should not have left them on its website Details included names as well as addresses and telephone numbers By … Read more

Take out loan to avoid 50% overdraft fees, says City watchdog FCA

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Take out loan to avoid 50% overdraft fees, says City watchdog as it admits changes will leave three in ten bank customers worse off By Hugo Duncan and Amelia Murray For The Daily Mail Published: 21:50 BST, 24 January 2020 | Updated: 10:35 BST, 27 January 2020 Families are being advised to take out loans … Read more

JEFF PRESTRIDGE: Why the FCA has no business to be smug 

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JEFF PRESTRIDGE: Why the City’s regulator has no business to be smug By Jeff Prestridge for The Mail on Sunday Published: 22:02 BST, 11 January 2020 | Updated: 11:24 BST, 12 January 2020 Those who sit in the splendid offices of the Financial Conduct Authority out in booming Stratford, East London, are probably feeling a … Read more

Woodford scandal shows why incoming bank governor needs to reshape the FCA

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ALEX BRUMMER: It’s time to reshape the FCA that was too slow to see investing crises coming and imposed weak penalties Successive Chancellors have heaped more responsibility on the City regulator  Andrew Bailey should recommend creating a new consumer protection agency The FCA’s predecessor, the FSA proved incompetent in regulating the big banks  By Alex … Read more