Financial Conduct Authority Archives - The Industry Spread

ICE Data Indices Recognized As Third Country Benchmark Administrator By The UK’s Financial Conduct Authority

June 25, 2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Data Indices, LLC has been recognized as a third country benchmark administrator under Article 32 of the European Union’s Benchmarks Regulation (BMR). Recognition was granted by the UK’s Financial Conduct Authority (FCA) on May 24, 2019.

FCA Begins Review of Financial Advice Market

May 6, 2019

The FCA’s review will consider whether these initiatives have been successful in achieving their objectives. The review will look at what consumers want from the market and how the market works to deliver this. It will also consider how new market trends and developments might affect the future development of advice and guidance services.

FCA Data Show 5% Drop in Complaints in the Second Half of 2018

April 23, 2019

The Financial Conduct Authority (FCA) has today published the complaints figures for regulated firms for the second half of 2018. FCA Data Show, During the second half of 2018 (2018 H2), complaints decreased by 5%, falling from 4.13m to 3.91m. This is the first time the number of complaints has fallen since firms were required to change the way they report complaints, in 2016. 3,181 firms reported receiving one or more complaints during 2018 H2, with 231 of these firms reporting 500 or more. These firms accounted for almost 98% of all complaints reported. 

FCA Sets out its Business Plan Priorities for 2019/20

April 22, 2019

As the UK finalises preparations to leave the European Union, the immediate priority will remain supporting an orderly transition post-exit. The FCA will also continue to play a leading role in shaping the global regulatory framework working with other national regulators and international bodies.

Regulators Sign an Agreement With the Financial Conduct Authority

April 21, 2019

 The securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Québec and Saskatchewan (participating jurisdictions) today announced a co-operation agreement with the United Kingdom Financial Conduct Authority (FCA).

FCA Fines Standard Chartered Bank £102.2 Million for Poor AML Controls

April 15, 2019

The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA.