Archives

April 21, 2021 @ 8:54 am By JD Alois  |  

Nikhil Rathi, Chief Executive of the UK Financial Conduct Authority (FCA), delivered a speech yesterday during a presentation at UK Fintech Week. Entitled, Levelling the playing field – Rathi provided perspective on innovation in financial services. He said that in 2019, Fintech revenue rose to… Read More

January 18, 2021 @ 9:02 am By JD Alois  |  

Following a call for input on the consumer investment market that closed to comments last month, the UK Financial Conduct Authority has issued a report on how the regulator “works to protect consumers from investment harm” citing activity during the first 10 months of 2020…. Read More

January 11, 2021 @ 8:35 am By JD Alois  |  

The UK Financial Conduct Authority has issued a statement on the risk of investing in cryptocurrency during a time when Bitcoin has hit all-time highs before backing off by over 15% erasing billions in gains. The FCA states: “The FCA is aware that some firms… Read More

December 13, 2020 @ 8:24 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has issued “Three Wise Warnings” for the nation’s consumers. The financial regulator has cautioned that customers should look out for loan fee fraud this Christmas or holiday season. The FCA notes that if you’ve been asked to pay some… Read More

December 12, 2020 @ 5:36 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has promoted Sheldon Mills to serving as Executive Director, Consumers and Competition. The financial regulator confirmed that the role was recently created to fulfill various requirements. The FCA noted that the post was created in November 2020 when the… Read More

October 21, 2020 @ 8:56 am By JD Alois  |  

Earlier this month, the UK Financial Conduct Authority (FCA) announced a ban on the sale of crypto derivatives and exchange-traded notes (ETNs) that reference cryptoassets for retail investors. The ban is scheduled to go into effect on January 6, 2021. Many cryptoasset insiders have criticized… Read More

October 6, 2020 @ 7:01 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has instituted a ban on the sale of crypto derivatives and exchange-traded notes (ETNs) that reference cryptoassets for retail investors, according to a note distributed by the regulator. The ban goes into effect on January 6, 2021. The decision… Read More

June 30, 2020 @ 10:15 am By JD Alois  |  

The UK is experiencing growing interest in cryptoassets, according to the UK Financial Conduct Authority (FCA). The research by the FCA states that 2.6 million UK consumers have purchased digital assets showing a dramatic 1.1 million increase since research completed by the FCA last year…. Read More

February 7, 2020 @ 8:51 am By Omar Faridi  |  

The UK’s financial regulator, the Financial Conduct Authority (FCA), is reportedly planning to recruit a specialist with a professional background in blockchain and cryptocurrency-related businesses. The FCA says it wants to hire an intelligence associate with experience working in the digital asset industry, in order… Read More

June 15, 2017 @ 10:22 am By Erin Hobey  |  

As reported, the UK Financial Conduct Authority named its second cohort of 24 Fintech firms that are ready to begin testing shortly.  What exactly is a sandbox and why is it important for countries to utilize these to engender innovation and spark disruption? Startups and nubie platforms… Read More

April 14, 2016 @ 11:36 am By Erin Hobey  |  

The FCA is preparing to launch a #FinTech “regulatory sandbox“ which will include two sandbox cohorts a year; the FCA will accept applications for a place in the first from 9 May 2016.  Successful applicants will be able to test their ideas “without immediately incurring all the normal regulatory consequences”… Read More