UK regulator News

UK Markets Watchdog Cracks Down on Conduct of Financial Advisers

Britain’s markets watchdog told financial advisers on Tuesday they face a two-year crackdown to stop unsuitable advice, investment scams and excessive fees. The Financial Conduct Authority (FCA) said in a “Dear CEO” letter to heads of financial advice firms it …

Bank of England’s Bailey Is Surprise Choice for Chief of U.K. Regulator, FCA

Bank of England Deputy Governor Andrew Bailey will become the new chief executive officer of the U.K. Financial Conduct Authority, as the Chancellor George Osborne turned to a familiar face following a six-month search for the country’s top markets regulator. …

UK Insurers Call for Collective Action to Address Climate Change

Lloyd’s of London and other UK insurers called for collective action to address climate change on Thursday, after a report from the UK regulator this week highlighted risks to their industry from global warming. In an open letter to Bank …

Head of UK Financial Watchdog Resigns; Government Refuses to Extend Contract

The head of Britain’s financial watchdog is stepping down early in a move some industry watchers said was a sign the government wants to take a less confrontational stance towards banks. Sources familiar with the matter said Martin Wheatley, viewed …

UK Regulator to Review Insurers’ Use of Big Data and Dark Pool Risks

Conflicts of interest in dark pools and how insurers use big data are two of the main areas the U.K. Financial Conduct Authority will look into over the next year, the regulator said in its annual business plan. The FCA …