FinancialConduct

Ex-Barclays Lawyer Challenges British Banking Regulators Over Epstein Emails

3 days ago

A former Barclays lawyer has come forward alleging discrepancies between emails exchanged concerning Jeffrey Epstein and a letter from the UK's Financial Conduct Authority (FCA). The assertion raises significant questions about the oversight of financial institutions and their dealings with individuals embroiled in controversy.

UK's Banking Watchdog Launches Investigation into Barclays Following IT Outage

1 month ago

In the wake of a significant IT disruption that has impacted its customers, Barclays Bank is now under scrutiny from the UK’s financial regulatory authority. The Financial Conduct Authority (FCA) has initiated a probe into the bank's operations to better understand the circumstances leading to this major outage, which left many customers unable to access their accounts or complete transactions.

UK Investigates Wall Street Banks Over Client Trading Practices

2 months ago

In a move that has captured the attention of the financial world, UK regulators are setting their sights on Wall Street banks and their trading practices with clients. This announcement comes amid growing concerns about transparency, fairness, and the ethical implications of how these financial institutions operate in the complex realm of trading.

UK Government Faces Urgent Warning Over Proposed Self-Insurance Deregulation

2 months ago

The UK government is currently under scrutiny following a stark warning from an influential financial regulator regarding its plans to deregulate self-insurance practices. The proposal, which is seen as a move to ease the regulatory burden on businesses, has drawn significant concern from industry experts who fear it could have serious implications for consumer protection and broader financial stability.

UK Regulator Adjusts 'Name and Shame' Proposals Following Public Outcry

3 months ago

The UK's Financial Conduct Authority (FCA) has recently shifted its stance on the controversial 'name and shame' policy aimed at holding firms accountable for breaches in regulatory compliance. This adjustment comes in the wake of significant backlash from various stakeholders, including industry professionals and consumer advocates. Originally intended to foster transparency and improve accountability within the financial services sector, the proposed measures faced criticism for potentially stigmatizing companies and discouraging risk-taking in a field that thrives on innovation.

UK Regulator Probes Private Credit Valuations Amid Growing Concerns

4 months ago

The UK financial regulatory body has initiated a thorough examination of the methods private credit lenders use to assess the value of their holdings. This move comes in response to increasing scrutiny over the burgeoning private credit sector, which has gained substantial traction in recent years amid a fluctuating economy and a tightening lending environment.