Tagged: fca

August 5, 2015 @ 10:07 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has announced that Megan Butler will be joining the FC to take the role of Director of Supervision – Investment, Wholesale and Specialists. Megan is currently Executive Director of International Banks Directorate at the PRA. Megan starts on the 1 September and… Read More

July 31, 2015 @ 10:00 am By JD Alois  |  

The Financial Conduct Authority (FCA) has announced the appointment of Christopher Woolard to its Board.  Woolard is currently the Director of Strategy and Competition at the regulatory entity.  Woolard has been a member of the FCA executive committee since the FCA was created from the… Read More

July 30, 2015 @ 11:52 am By Erin Hobey  |  

This week Crowdfund Insider featured Chris Tyrell’s post “Crowdfunding is Impacting the Global Economy” and Rodrigo Niño’s post “Crowdfunding: From Impossible, to Improbable to Inevitable in less than 10 years,” James Tuckett, CEO of investUP adds to this exciting conversation below as he shares his insights in a release regarding… Read More

July 28, 2015 @ 9:33 am By JD Alois  |  

Cash Genie, operated by Ariste Holding Limited, has agreed to pay over £20 million to over 92,000 former customers for unfair business practices. According to the Financial Conduct Authority (FCA), Cash Genie charged fees and interest which were unfair. The FCA gave the example of Cash… Read More

July 17, 2015 @ 10:16 am By JD Alois  |  

Martin Wheatley, the current FCA CEO, has announced his departure from the regulatory agency as of September 12, 2015. Wheatley will continue to advise the FCA board until January of 2016. Tracey McDermott will be taking over as Acting CEO from September 12 while the search for… Read More

July 2, 2015 @ 3:17 pm By JD Alois  |  

The Financial Conduct Authority (FCA), has been tasked with a mission to change and adapt to present day financial market realities.  Charged with the very important role of investor protection, and market efficiency, the FCA also maintains a mission to encourage competition.  It is this… Read More

June 24, 2015 @ 9:09 am By JD Alois  |  

  “A Branch-free, Paper-free and Stress-free Bank” The traditional banking industry has been rather slow to innovate.  Hundreds of years of operating branches, with tellers, is a hard thing to change.  It is also a costly and inconvenient business structure in a world where everything… Read More

June 3, 2015 @ 4:41 pm By JD Alois  |  

In a highly regulated industry, such as finance, there will never be a perfect set of rules. The diversity of opinion and perspective by nature engenders a constant debate between what is right – and what is wrong.  The internet finance industry has evolved quite… Read More

May 30, 2015 @ 5:27 pm By JD Alois  |  

The Financial Conduct Authority (FCA) is proceeding with a study on competition in investment and corporate banking. The FCA states that these markets are the “cornerstone of the UK economy” for business expansion and funding operations. The study will focus on choice, transparency, bundling and cross-subsidisation in… Read More

May 28, 2015 @ 8:00 am By Erin Hobey  |  

Fresh from celebrating its two year birthday, Assetz Capital made another announcement: Assetz Capital, a British peer-to-peer lending platform exceeded its fundraising target of £2 million by raising funds from 731 investors through investment crowdfunding platform Seedrs. The firm, which specializes in providing loans to SMEs… Read More

May 22, 2015 @ 3:52 pm By JD Alois  |  

GrowthFunders, part of Growth Capital Ventures, has just received official approval from the Financial Conduct Authority (FCA) to operate their investment crowdfunding platform.  GrowthFunders has been operating since March 0f 2014 using a provisionary status in association with Linear Investments. The process took GrowthFunders approximately… Read More

May 15, 2015 @ 10:58 am By Erin Hobey  |  

“The [SyndicateRoom] model was a result of my experience. I was working with business angels when equity crowdfunding appeared. I loved the idea of a wider group getting access to investment in early stage companies, but I didn’t like how it was being done, and… Read More

April 9, 2015 @ 12:26 pm By JD Alois  |  

The Innovation Hub is keen to promote policy and process change that can facilitate innovations that benefit consumers. With than in mind, we are keen to hear about regulatory barriers to innovation from early-stage investors in financial technology (FinTech) firms. To discuss these issues, we… Read More

March 24, 2015 @ 8:58 am By JD Alois  |  

The UK Financial Conduct Authority is a relatively new entity having only been formed in 2013, reconstituted from its predecessor the FSA.  The transformation, which saw the responsibilities of the FSA migrated over to three different regulatory bodies, was engendered in part by the financial… Read More

March 23, 2015 @ 9:56 am By JD Alois  |  

There is always another fraudster hunting for a new method to separate investors from their hard earned money by offering bogus investment opportunities. With updates forthcoming for UK pension options, the FCA has called on individuals to be aware of opportunities that are probably too… Read More

March 23, 2015 @ 9:19 am By JD Alois  |  

The Financial Conduct Authority has approved the application of Dubai based Eureeca and is now regulated under UK rules.  Eureeca is a leading investment crowdfunding platform in the Middle East.  According to Eureeca, the funding portal is seeking to assist UK based SMEs looking to enter… Read More

March 14, 2015 @ 5:42 pm By JD Alois  |  

  According to a recent report, aspiring UK crowdfunding platforms are suffering from extended delays in platform approval by the Financial Conduct Authority (FCA).  In an article published in the Guardian, the missive declared that, “the FCA has approved only two crowdfunding platforms in the… Read More

March 13, 2015 @ 1:51 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has revealed its guidance on promoting financial offerings via social media.  Social Media, such as Twitter, Facebook and an increasing number of other networks, have grown dramatically in recent years representing a shift in how individuals, and businesses, communicate. Acknowledging… Read More

March 12, 2015 @ 9:31 am By Erin Hobey  |  

Celebrating the tenth anniversary in finance,  Zopa, world’s first peer to peer lender has made significant achievements since its founding  “in a barn in Buckinghamshire.”   Zopa, led by CEO and Co-Founder Giles Andrews, launched a disruptive financial industry that enables consumers and businesses to bypass banks. Since… Read More

March 3, 2015 @ 1:10 pm By JD Alois  |  

SeedInvest, a widely respected investment crowdfunding platform that operates under Title II accredited crowdfunding (for now), has just submitted a comment letter to the Securities Exchange Commission pleading with the agency to “keep Title III crowdfunding simple”. The JOBS Act was signed into law almost… Read More