Category: Financial Conduct Authority

Lib Dems urge FCA to investigate Peter Mandelson over potential insider trading

Exclusive: Daisy Cooper says ex-minister could have ‘abused trading laws’ when sharing state information with Jeffrey EpsteinThe Liberal Democrats have urged the UK’s financial regulator to immediately...

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City minister accused of ignoring £2bn car finance tax loophole

Critics say banks will be able to avoid tax on compensation payouts to victims of £11bn loans scandalThe City minister, Lucy Rigby, has been accused of snubbing taxpayers after she appeared to brush off concerns about a...

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UK Treasury drawing up new rules to police cryptocurrency markets

Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming...

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Rachel Reeves will not be investigated over pre-budget briefing, FCA says

Financial watchdog rejects accusations Treasury officials deliberately misled reporters but leaves door open to probe claims or market maniluationTreasury launches inquiry into budget leaks with Reeves’s supportBusiness...

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UK pension savers urged not to withdraw cash due to budget ‘fear and rumour’

Financial experts express alarm after jump in sums people taking out of retirement pots amid ‘jitters’ about taxOlder savers should avoid making rash decisions about their pension cash based on “fear and...

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Reform UK could strip City watchdog of power to regulate banking if elected

Nigel Farage reportedly plans to overhaul rules governing City of London that were introduced after 2008 financial crash Nigel Farage could strip the City watchdog of its power to regulate the banking industry under a sweeping...

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Bank of England drops new diversity and inclusion rules for City firms

In latest retreat amid US backlash, BoE says it wants to avoid more ‘regulatory burdens’ for financial companiesBusiness live – latest updatesThe City’s top two regulators have said they will not bring in...

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Financial watchdog scraps plan to ‘name and shame’ UK firms under investigation

FCA move follows longstanding pressure against new public interest test for announcing investigationsBusiness live – latest updatesBoE drops new diversity and inclusion rules for City firmsThe UK’s financial watchdog...

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City regulators to start oversight of tech firms that provide ‘critical’ services to UK

New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at riskCity regulators will begin cracking down in the new year on tech firms providing “critical”...

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