Topic: UK FCA

UK regulators’ horizons reach the cloud under Treasury plans

The UK government has proposed expanding its financial regulators’ powers over third party providers including cloud-based data centres.

15 June 2022

“We are at a crossroads”: what’s next for regulation in the UK?

CityWeek’s 12th annual Financial Services Forum heard keynotes from the chief executives of the Financial Conduct Authority and Prudential Regulation Authority, along with discussions of the UK’s ambitions as a crypto hub and its potential for regulatory divergence post-Brexit.

09 May 2022

FCA raises alarm over challenger banks’ customer onboarding

The UK’s Financial Conduct Authority has raised concerns over weaknesses in challenger banks’ check-ups when they are onboarding new customers.

25 April 2022

FCA delivers revised diversity proposals

Saying they will speed up the “pace of change”, the UK’s Financial Conduct Authority has revised its plans for firms to disclose their diversity figures, allowing firms to gather diversity data by their own chosen means.

22 April 2022

UK competition regulator hands open banking to FCA

The UK’s competition regulator will cede control of its open banking unit to the Financial Conduct Authority, following criticisms of its governance and a bullying scandal last year.

29 March 2022

UK Treasury moves to scrap share trading obligation after review

The UK Treasury has confirmed the abolition of regulations including the share trading obligation following the response to its post-Brexit Wholesale Markets Review.

07 March 2022

Binance operations in UK concerning, says FCA

The UK’s financial watchdog has said it has “limited powers” to object to a partnership that will see banned crypto firm Binance able to operate in the UK again.

23 February 2022

The road ahead: GBRR's predictions for 2022

Climate. Merger policy. Enforcement. Cybersecurity and AI. Gender and diversity. Fintech, crypto and decentralised finance. 2022 is set to see advances from regulators across the world – but what can banks and their advisors expect? GBRR spoke to leading practitioners across the US, Europe, the UK, Russia and the Asia Pacific for their predictions for the year ahead in banking regulation.

07 February 2022

FCA ups rigour for crypto applications despite backlog

The UK’s regulator will take a more “forensic” approach to crypto licensing amid a pileup of unreviewed applications, chief executive Nikhil Rathi told a UK parliamentary committee.

13 December 2021

Kleptocracy in the UK: regulation and lawyers at fault, report says

Despite progress on paper, the UK remains a safe haven for dirty money and kleptocrats, a Chatham House report says, recommending the country follow the United States’ lead in reporting all transactions of politically exposed persons.

09 December 2021

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