The FCA has reformed its decision-making process in an attempt to ensure it can make faster and more effective decisions for consumers, markets and firms, granting more power to FCA senior managers.
The FCA has removed the permissions of a firm that was only authorised for credit broking after it appeared to conduct investment activities.
An individual has had an application for a senior manager role at a firm with credit permissions refused by the FCA. This was largely due to non-disclosure.
At a UK Finance webinar, two experts explained the human resources issues financial firms should be considering, and how these relate to the Senior Managers Regime.
The FCA’s Chief Information Officer explained in a speech how the regulator is making greater use of data and is aware of the threat posed by risky investments.
A new study shines a light on the growing buy now, pay later debts held by UK consumers, and the effect this is having.
The latest Annual Report from the Financial Ombudsman sees the organisation admit that it received many more complaints than forecast.
Total complaints made to financial services firms are falling, but the number of non-PPI complaints is rising, with significant increases for some products.
The latest complaints data from the Financial Conduct Authority indicate that complaints about authorised firms are at their lowest level in almost five years. However, the total number of complaints made to financial firms in the first half of 2021 was still in excess of two million.