FCA boss demands crackdown on internet scams as ministers face growing backlash over new online safety laws By Matt Oliver and Lucy White For The Daily Mail Published: 21:50 BST, 12 May 2021 | Updated: 21:50 BST, 12 May 2021 The City watchdog has called for an urgent crackdown on rampant internet scams that are … Read more
The City regulator, the Financial Conduct Authority, acts in mysterious ways. For months now all our questions about holding an investigation into Greensill Capital (UK) and Greensill Capital Securities have been batted away. We were told that the ‘Appointed Representative’ (AR), Mirabella Advisers, was the supervisor of Greensill Capital Securities and that was the end … Read more
Subprime lender Amigo Loans’ share price fell by more than 30 per cent this morning after regulators said they would oppose a rescue plan which would cap compensation payouts in court. The Financial Conduct Authority previously said in March it had several problems with Amigo’s proposed ‘Scheme of Arrangement’, including over how mis-selling complaints would … Read more
Britain will not sign a financial services deal with the EU at any cost, new FCA boss warns Brussels By Daily Mail City & Finance Published: 22:33 BST, 6 May 2021 | Updated: 22:33 BST, 6 May 2021 The boss of the City watchdog has fired a warning shot at Brussels, saying Britain will not … Read more
FCA raises the alarm over crypto bets frenzy just a day after Bank of England announced plans for a digital coin By Mark Shapland For The Daily Mail Published: 22:12 BST, 20 April 2021 | Updated: 22:12 BST, 20 April 2021 The City watchdog has sounded the alarm over crypto-currencies just a day after the … Read more
JEFF PRESTRIDGE: The FCA is stuck in lockdown over the Woodford saga By Jeff Prestridge for The Mail on Sunday Published: 22:31 BST, 10 April 2021 | Updated: 22:58 BST, 10 April 2021 Another week goes by and yet again there is more depressing news on fallout from the demise of the Woodford investment empire. … Read more
Young people are being drawn to high-risk investing despite almost two thirds admitting they can’t afford a significant loss, the financial watchdog has warned. The research, conducted by the Financial Conduct Authority, found that a new breed of young investors are attracted by the thrill and novelty of high-risk products rather than investing for the … Read more
ALEX BRUMMER: FCA finally shows its mettle by bringing money laundering charges against NatWest By Alex Brummer for the Daily Mail Published: 01:13 GMT, 17 March 2021 | Updated: 01:38 GMT, 17 March 2021 Who would have thought it? The dusty, slow to act, legalistic and over-cautious City regulator, the Financial Conduct Authority (FCA), daring … Read more
Provident Financial shares tumble as it reveals fresh watchdog probe and warns its doorstep lending arm could collapse after compensation claims jump FCA launches probe into ‘affordability and sustainability’ of loans handed out Provident is proposing £50m compensation scheme as complaints jump 200% Borrowers would receive ‘significantly’ less compensation under the scheme But if it’s … Read more
Pre-paid funeral deals will have to include a service to mark a loved one’s death in future under plans to crack down on rip-off providers. There will also be bans on cold calling, expensive add-ons and kickbacks to middlemen, to prevent people being mis-sold unsuitable funeral plans. The clampdown on firms that tout poor deals … Read more