The Financial Conduct Authority today brought in measures to help people struggling with their finances as a result of coronavirus. Fee-free overdrafts of up to £500 will be available to everyone, customers will be able to borrow more than this if needed, and those with outstanding loans and credit card debts will be offered three-month … Read more
This morning, the Financial Conduct Authority announced proposals to try and help people struggling with their finances as a result of coronavirus. The proposals are subject to a quick-fire consultation and could come into force next Thursday. Banks have already brought in some measures themselves, but the FCA proposals seek to ensure that customers of … Read more
Thousands of names, telephone numbers and addresses leaked online by the FCA after it accidentally publishes them on its website Nearly 2,000 people who complained about the FCA had their details published The FCA admitted it should not have left them on its website Details included names as well as addresses and telephone numbers By … Read more
As the Covid-19 crisis erupted, few would have predicted that central banks would end up front of stage. The ongoing volatility on financial markets has given them a key role. In his third day as Governor of the Bank of England, Andrew Bailey displayed the assertiveness which he never quite discovered in his previous job … Read more
MPs raise ‘serious concerns’ over next Bank of England chief Andrew Bailey’s record as FCA boss By Daily Mail City & Finance Reporter Published: 21:51 GMT, 5 March 2020 | Updated: 21:51 GMT, 5 March 2020 Andrew Bailey has come under fire over his leadership of the City watchdog just days before taking over at … Read more
The financial watchdog has warned banks it will be watching like a hawk to ensure they play fair, as they shift businesses and borrowers from the discredited Libor interest rate. A senior Financial Conduct Authority director told This is Money that if it sees problems with banks it will ‘challenge hard’ and ‘intervene’, to reassure … Read more