Sep 17, 2024 Big moves in the FCA's annual interventions and enforcement data By Duncan Campbell The FCA's annual report and metrics are out. The metrics contain most of what's useful, but as usual the message is hidden in the detail...
Sep 05, 2024 More FCA retail enforcement incoming (if the latest Skilled Persons stats are anything to go by) By Duncan Campbell The latest FCA Skilled Persons (SP) statistics are in, completing the data for the reporting year just gone. We've charted them for you...
Aug 19, 2024 FCA fines auditor for failing to flag fraud suspicions By Sara Cody Simon Treacy The Financial Conduct Authority has fined PwC £15 million for failing to report its reasonable belief that London Capital & Finance (LCF)...
Aug 16, 2024 FCA criticises auditor for CASS report failings By Sara Cody Duncan Campbell Simon Treacy In a first of its kind, the Financial Conduct Authority has censured an auditor for failing to report breaches of the FCA’s client asset...
Jul 05, 2024 Labour and the future of financial services regulation and enforcement By Sara Cody The Labour victory on 4 July 2024 represents the first time since 2010 that the party has been given the opportunity to shape the way in...
Jun 28, 2024 Steve Smart on combatting financial crime: talk to each other more! By Duncan Campbell One year after Steve Smart became the FCA's joint executive director of enforcement and market oversight, he has broken his (sort of)...
Jun 10, 2024 FCA fines HSBC £6.2 million for unfair treatment of customers in financial difficulty By Sara Cody Emma Daniel On 23 May 2024, the Financial Conduct Authority (“FCA”) fined HSBC UK Bank plc, HSBC Bank plc and Marks and Spencer Financial Services...
May 23, 2024 The Citi fat finger fines ... and UI design By Duncan Campbell The PRA's and FCA's Citi fines about algorithmic trading controls - provoked by a 2022 fat finger incident - tell a cautionary tale about...
May 21, 2024 No you can't have FCA-Qatar communications: Upper Tribunal By Duncan Campbell The Banque Havilland saga continues. After important decisions on privilege and third party references, we now have an Upper Tribunal...
May 14, 2024 FCA Enforcement is hammering the reset button. What happens next? By Duncan Campbell When announcing the FCA's controversial proposals about publicising investigations, Enforcement co-head Therese Chambers said also that...
Apr 09, 2024 The BoE and PRA are getting ready to enforce against more firms. Are you impacted? By Duncan Campbell The Bank of England and PRA are preparing to take enforcement action against a wider range of firms. They've proposed new enforcement...
Mar 05, 2024 FCA outlines its approach to enforcing critical third party regime By Raza Naeem Simon Treacy Tech firms that support financial services should note a new consultation from the Financial Conduct Authority. The FCA, along with the...
Feb 29, 2024 FCA enforcement's great reset: "boil the kettle not the ocean" By Duncan Campbell Sara Cody FCA Enforcement co-heads Therese Chambers and Steve Smart have fired the starting gun on their long-awaited refresh of the FCA's...
Feb 09, 2024 Financial services interventions and enforcement trends for 2024 By Nikunj Kiri Sara Cody Duncan Campbell In the next couple of months we'll see the FCA enforcement heads articulate their vision and direction for interventions and enforcement...
Feb 02, 2024 PRA issues second largest fine for historic failings: what can we learn from this week’s action? By Clare McMullen Joseph Richmond Saurabh Gupta Stephen Clipsham +1 more... Show less On the day it confirmed a change to its penalty policy that many expect will lead to larger penalties, the PRA issued its second largest...
Jan 19, 2024 Feeling the pressure: the FCA is asking firms about non-financial misconduct and NDAs By Elizabeth Dowd Duncan Campbell The Treasury Committee this week in its “Sexism in the City” inquiry expressed concern that the industry is falling short on...