Tagged: fca

The Global Financial Innovation Network Now Open for Applications

The Global Financial Innovation Network (GFIN) is now open for applications. GFIN is a group of 29 international organisations including the Financial Conduct Authority (FCA) as well as the US Consumer Financial Protection Bureau (CFPB), Monetary Authority of Singapore (MAS), Hong Kong Monetary Authority (HKMA) and… Read More

Crypto Liquidity Platform B2C2 Receives FCA Authorization

B2C2, a UK-based cryptocurrency liquidity platform, has received its authorization from the Financial Conduct Authority (FCA). Founded in 2015, B2C2 claims to be one of the largest cryptocurrency liquidity providers and the leader in electronic OTC trading. The company reported it is trusted by retail… Read More

UK Financial Conduct Authority Issues Consultation on “Cryptoassets” Seeking to Provide Clarity on Regulatory Approach

The UK Financial Conduct Authority (FCA) issued a consultation today on the emerging “cryptoasset” sector of finance.  The UK is well known for its thoughtful regulatory approach when it comes to innovative new financial services and the final outcome will be watched with interest around… Read More

Fineqia Partners with Nivaura on Tokenized Bond Issuance in the UK

Fineqia (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) is reporting a new partnership with Nivaura, according to a release by the company. The partnership will “perform a fully automated tokenized bond issuance and administration, registered and cleared on a public Ethereum blockchain, to conduct its test for issuing… Read More

UK Financial Conduct Authority Issued Warnings About Four-Fifths of the Crypto Companies It Investigated

A freedom-of-information request filed by The Sunday Telegraph shows that four-fifths of 49 companies investigated by the UK’s Financial Conduct Authority (FCA) resulted in warnings about those companies being issued to the public. A total of 67 investigations into crypto operations have been launched by the FCA. 18 investigations are… Read More

Tandem says FCA Crackdown on Overdraft Fees is Long Overdue

Earlier this week, the Financial Conduct Authority (FCA) announced a plan to “fix a dysfunctional market” when it comes to overdraft fees. In 2017, banks generated over £2.4 billion from overdrafts alone, with around 30% from unarranged overdrafts. These fees typically came from individuals who… Read More

UK Financial Compliance Expert Gillian Roche-Saunders Comments on Patient Capital, Could Boost Crowdfunding

The concept of “Patient Capital” has been in discussion for quite some time in the United Kingdom. The premise is based on the theory that investors may be willing to forgo near-term returns for the possibility that substantial gains may be generated at a much… Read More

Financial Conduct Authority Issues Consultation on Patient Capital

The UK Financial Conduct Authority (FCA) has issued a consultation paper, alongside a discussion paper, on patient capital. The consultation is in response to a policy push by HM Treasury to increase investment into long-term assets including venture capital plus private equity, real estate and more…. Read More

In a Speech, UK Regulator Defines Their View of Cryptoassets and Next Steps towards Regulation

Speaking last week at the Regulation of Cryptocurrencies event in London, Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority (FCA), outlined his agencies view of crypto assets and provided insight into possible regulation. Woolard defined digital assets or cryptocurrencies as falling under… Read More

UK Financial Sector Regulator May Prohibit Crypto Derivatives

A representative from the UK Financial Conduct Authority (FCA) told attendees at The Regulation of Cryptocurrencies event in London today that he is concerned that “Complex, volatile and often leveraged derivatives products” built on cryptocurrencies with “underlying market integrity issues” are being marketed to retail… Read More

Financial Conduct Authority Reports Increase in Complaints in First Half of 2018 Hitting “Record Level”

The UK Financial Conduct Authority (FCA) is reporting an increase in complaints directed at regulated firms during the first 6 months of 2018. This represents a “new record level” of 4.13 million complaints made to 3161 firms. This is an increase of 10% versus the… Read More

Britain Leading the World – or Losing a Historic Opportunity Forever: An Open Letter to Philip Hammond

On the brink of Brexit, whatever happens, and as the USA cedes it, Britain can – and should – be again providing leadership at a historic turning point for the world. However, despite warm words and good intentions, we have started shooting ourselves in the… Read More

The FCA Rebukes PayDay Lenders in Dear CEO Letter

The UK Financial Conduct Authority (FCA) has sent a “Dear CEO letter” to lenders of high-cost, short term credit, aka payday loans, admonishing these platforms for an increase in “complaints about affordable lending.” The complaints also reference problematic “chain of loans,” or stacking, that may… Read More

Deloitte & Innovate Finance Publish Report on UK FCA Fintech Sandbox

The Fintech Sandbox set up by the Financial Conduct Authority in the UK has now been in operation for the past two years. The trailblazing project has since been replicated multiple times around the world. The concept was simple: create a safe haven for Fintech… Read More

BlockEx Throws Support Behind UK Treasury Committee Suggestions for Regulated Crypto-Asset Market

UK blockchain startup BlockEx has formerly thrown its support behind some of the recommendations pitched by the UK Parliament Treasury Committee that issued a pointed report pertaining to cryptocurrencies this week. BlockEx is a digital asset exchange and also a participant in the Financial Conduct… Read More

United Kingdom and Singapore Commit to Cooperate More Closely on Financial Services Including Fintech Bridge

The United Kingdom and Singapore held their 4th joint meeting of financial services regulators and policymakers. The meeting took place in London yesterday where officials discussed regulatory initiatives and standards of conduct in the financial sector. Both the UK and Singapore have pursued Fintech innovation… Read More

FCA Chief Andrew Bailey Comments on CryptoAssets, Innovation in Financial Services

Speaking at the FCA Annual Public Meeting today, Financial Conduct Authority Chief Executive Andrew Bailey delivered a wide-ranging speech on the state of the FCA.  Within prepared remarks, Bailey briefly mentioned innovation in financial services, and specifically cryptoassets. Bundling up “operational resilience” and the consequences… Read More

Sheldon Mills Appointed New Director of Competition at UK Financial Conduct Authority

The Financial Conduct Authority (FCA) has selected Sheldon Mills as its new director of Competition. Currently, Mills is Senior Director, mergers and state aid at the Competition and Markets Authority (CMA). The FCA explains that Mills will be a key figure in delivering on the entity’s… Read More

Wirex Receives E-Money License From the UK Financial Conduct Authority

Wirex, a hybrid personal finance platform that merges blockchain tech and traditional finance, announced on Thursday it received its e-money license from the UK Financial Conduct Authority. The company claims it is only the third crypto-friendly company in the world to receive this type of license,… Read More

UK Competition and Markets Authority Tells Banks to Work Harder for their Customers, Demands Change

The Competition and Markets Authority (CMA), in conjunction with the Financial Conduct Authority (FCA), have demanded that traditional banks improve their services. The admonition comes following an independent survey of both personal and small business accounts that indicates banks are falling short when it comes… Read More

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