Fca

The Financial Conduct Authority (FCA) has been excoriated as "incompetent at best, dishonest at worst" in a new report from MPs and peers. The culmination of a three-year inquiry involving testimony from 175 individuals, the report highlights the FCA's failure to protect consumers and small business

The FCA has fined Barclays £40 million in total for its failure to disclose certain arrangements with Qatari entities in 2008. This follows Barclays' decision to withdraw its referral of the FCA's planned action to the Upper Tribunal. The action was based on findings which included that Barcla

PwC has been fined £15 million by the the Financial Conduct Authority (FCA) for failing to report suspicions of fraud at now-defunct London Capital & Finance (LCF).

The Financial Conduct Authority (FCA) has fined Equifax Ltd more than £11 million for failing to manage and monitor the security of UK consumer data it had outsourced to its parent company based in the US. The breach allowed hackers to access the personal data of millions of people and exposed

Financial watchdogs should not enjoy immunity from civil suits in cases in which consumers lose out because of a regulator's negligence, MPs have said. An amendment to the Financial Services and Markets Bill has been laid before Parliament by three SNP MPs and will be debated today.

The Financial Conduct Authority (FCA) has published a list of providers it intends to authorise when the pre-paid funeral plans industry comes under its regulation from 29 July. Twenty-four firms are on the list, including the largest funeral plan providers. Together these firms hold approximately 8

In a prosecution brought by the Financial Conduct Authority (FCA), former Rangers owner Craig Whyte has been charged with failing to provide passwords for various laptops and phones. Mr Whyte appeared today at Manchester and Salford Magistrates’ Court, having been arrested at Manchester Airpor

The Financial Conduct Authority (FCA) has received a total of 2,754 separate allegations of misconduct, including fraud, money laundering and compliance complaints, according to official figures. The data, analysed by the Parliament Street think tank and contained in the FCA’s newly publi

The Financial Conduct Authority (FCA) has launched a consultation on potential reforms to the UK Markets in Financial Instruments Directive (MiFID). Along with the Treasury, the regulator is considering reforms to capital markets looking at changes to the UK’s regulatory regime to ensure

Thousands of UK businesses will receive payouts for coronavirus-related business interruption losses after the UK Supreme Court sided with the Financial Conduct Authority (FCA) in a landmark test case. As many as 370,000 UK policyholders, holding 700 types of policies issued by 60 insurers, may be a

The Financial Conduct Authority (FCA) has published the results of its coronavirus financial resilience surveys revealing the impact of coronavirus on firms’ financial resilience. In response to the crisis, the FCA has been monitoring the effects of the economic downturn on firms’ s

The Financial Conduct Authority (FCA) has today fined Bank of Scotland (BOS) £45,500,000 for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based impaired assets (IAR) team of Halifax Bank of Scotland. The FCA found that BOS failed to be open

The Financial Conduct Authority (FCA) may ban some methods used by brokers to reward car dealers, who overcharge an estimated 560,000 customers to the tune of £300 million a year, Reuters reports.