Tag: FCA

The Financial Conduct Authority (FCA) is taking substantial steps to enhance diversity within the financial services sector.

In the past few months, both the SEC and CFTC have targeted numerous Wall Street firms for extensive recordkeeping oversights. This resulted in eye-watering penalties surpassing $1.5bn. Both major and minor firms should anticipate that this assertive enforcement will remain unrelenting.

The FCA has revealed its timeline for integrating the ISSB's first two standards into the UK's sustainability disclosure regulations for public entities.

RegTech firm eFlow Global recently took the opportunity to describe how it can provide solutions to key transaction reporting concerns. 

The European Market Abuse Regulations (MAR) have been at the forefront of the financial regulatory landscape since July 2016. Despite its six-year presence, compliance with MAR regulations remains a consistent priority for regulators across Europe, including the UK. Regulatory enforcement continues to unveil that firms still grapple with adherence to rules governing the management of material nonpublic information (MNPI).

The UK FCA has announced its first actions under the new Consumer Duty rules, outlining a 14-point plan aimed at enhancing cash savings interest rates.

The final deadline for compliance with the UK Financial Conduct Authority's (FCA) new Consumer Duty is swiftly approaching in July 2023. The regulatory agency has been actively providing guidance, conducting multi-firm reviews, and sharing specific industry insights in the form of Dear CEO Letters to ensure that firms are adequately prepared for the implementation.

Compliance within the financial services industry has taken a new turn as online trading and the emergence of 'finfluencers' on social media platforms have magnified the risks of market manipulation. The shift in the landscape demands greater attention to the prevention, detection, and mitigation of market abuse.

The UK government is considering backtracking on its plans to impose stricter regulations on the burgeoning buy now pay later (BNPL) industry.

In a recent post, RegTech firm Eventus outlined key reasons why practitioners must be the key drivers behind trade compliance.