Tag: financial regulation
FCA Consumer Duty Countdown: Are firms ready?
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.
Combating Market Abuse: The Emerging Challenges and Solutions in the Age...
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.
FCA underscores urgent need for robust control measures in UK payment...
The Financial Conduct Authority (FCA), the UK's principal financial regulator, sent a pointed "Dear CEO" letter on 16 March 2023. Initially, it praised the competition and innovation witnessed in the payment sector. However, this recognition was soon overshadowed by grave concerns.
