Regulation and Compliance
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FOI reveals scale of fines paid by wealth managers
FOI request shows FCA fines this year are £3.8 million for the adviser and intermediary, platforms, and wealth management categories But failure…
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FCA secures contract changes for buy-now-pay-later customers as more consumers use the product
New research from the Financial Conduct Authority (FCA) shows that there has been a significant increase in the use of buy-now-pay-later (BNPL). …
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A third of financial sector firms risk eye-watering fines due to compliance audit delays, reveals SmartSearch
A recent survey reveals that a significant number of firms in emerging financial sectors are still not sufficiently prepared for compliance audits. …
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FCA crypto promotion rules will enhance wealth manager competitiveness – Avaloq
Dr Nils Bulling, Head of Digital Assets Product Domain at Avaloq, comments on the implications of the FCA’s new cryptoasset financial promotions rules,…
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Compliance Expert Simplifies FCA’s New Regulations Designed to Support Women
With reports on sexual harassment against women increasing in the financial industry, the Financial Conduct Authority (FCA) had no choice but to…
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Digital compliance unmasks illicit funds with source of funds feature
Regulated firms struggling to keep pace with criminals who disguise the illegal source of their funds can now identify potentially dirty money…
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New screening checks required to approve financial adverts
To help people to make informed decisions to save, invest and borrow with confidence, the Financial Conduct Authority (FCA) is introducing new…
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FCA takes first action under Consumer Duty – MorganAsh comments
Following news that the FCA has taken its first action under Consumer Duty, requesting value assessments from nine banks, we have a…
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FCA analysis reveals there are fewer than one million interest-only mortgages outstanding
The number of interest-only (750,000) and part-interest-only (245,000) mortgages has halved since 2015, new Financial Conduct Authority analysis has found. The fall…
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FCA finds fund managers’ value assessments significantly improved, but still work to do
Following a review of fund managers’ value assessments, the FCA has found that while many firms have better practices in place, some…
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