Category: Financial Conduct Authority

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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Reeves tells City regulator to encourage more risk-taking in financial sector

New remit given to FCA by chancellor raises fears of a weakening of rules meant to avert another financial crisisThe financial regulator has been ordered to encourage more risk-taking across the City, raising concerns that the...

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Fujitsu won £1.4bn in new government contracts after court ruling on Post Office software bugs

MPs find Treasury-affiliated bodies have engaged Horizon firm since damning 2019 high court judgmentThe Japanese technology company Fujitsu, whose flawed technology for the Post Office led to the wrongful prosecution of hundreds...

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Labour vows to cut financial ‘red tape’’ and ‘unashamedly champion’ UK sector

Report shows Labour move to scrap many rules and processes as party denies plan will dilute consumer protectionsMartha Lane Fox: green economy must be next UK government’s No 1 priority Labour has pledged to...

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