No financial services deal at any cost, new FCA boss warns Brussels

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

ALEX BRUMMER: FCA shows its mettle by bringing charges against NatWest

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 almost 30% as it reveals FCA probe

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

Don’t count on us to prevent another LCF scandal, says FCA boss

Don’t count on us to prevent another LCF scandal, says FCA boss as he admits watchdog is ‘too risk adverse’ By Lucy White For The Daily Mail Published: 22:02 GMT, 1 March 2021 | Updated: 22:02 GMT, 1 March 2021 The City watchdog is too risk-averse, its boss admitted yesterday – as he outlined plans … Read more

ALEX BRUMMER: FCA fails savers with its tortoise-like Woodford probe

The pandemic has produced some of the fastest turnarounds in history. Pharma companies Pfizer and Astrazeneca reduced the vaccine development cycle from a decade to less than a year. And City traders quickly learned that it wasn’t necessary to be in Canary Wharf to drive markets to commanding heights. Commercial transformation to digital has been … Read more

Investigate ‘toothless’ FCA over Woodford failures, campaigners urge

The City watchdog is facing a furious backlash over its handling of the Neil Woodford savings scandal. As the disgraced fund manager prepares to make an audacious comeback, the Financial Conduct Authority (FCA) has been accused of ‘dragging its feet’ over its investigation into the implosion of his investment empire. And campaigners, MPs and peers … Read more

ALEX BRUMMER: Lack of a Woodford scandal report heaps shame on the FCA

Of all the many cluster bombs left behind when Andrew Bailey left the Financial Conduct Authority (FCA) for the Bank of England a year ago, the most dangerous was the closure of Neil Woodford’s investment empire. The decision left up to 500,000 savers exposed to an estimated half-a-billion pounds of losses. It is aggravating and … Read more

GameStop: FCA warns on market abuse as Reddit fever sweeps UK

Watchdog warns on market abuse and high-risk trading as GameStop fever hits Britain: FCA sounds the alarm on the Reddit vs hedge funds fight GameStop saga continued yesterday, as trading app RobinHood stopped buys Traders piling into shorted stocks have also picked up on beaten-up UK shares FCA said personal investors should take care in … Read more