Tagged: fca

February 19, 2015 @ 7:01 am By JD Alois  |  

The Financial Conduct Authority has announced its intent to investigate the elite world of investment and corporate banking due to concerns of lack of competition.  The FCA, unlike its regulatory brethren in many other countries, maintains the responsibility to promote competition “around the benefits for consumers,… Read More

February 16, 2015 @ 5:00 am By Erin Hobey  |  

Last week Crowdfund Insider published a write up on the regulatory review completed by the Financial Conduct Authority (FCA) in the United Kingdom. At that time Crowdfund Insider quoted the FCA document that summed things up: “We have seen the crowdfunding market continue to grow rapidly. We recognise that it is… Read More

February 6, 2015 @ 9:38 pm By JD Alois  |  

Earlier this week Crowdfund Insider published a write up on the regulatory review completed by the Financial Conduct Authority (FCA) in the United Kingdom. At that time we quoted the FCA document that summed things up by saying; “We have seen the crowdfunding market continue to grow… Read More

February 4, 2015 @ 9:52 am By Barry James  |  

I’m no lawyer but if it were about a firm or an individual I think it would probably be a libel to re-characterise the content of yesterday’s FCA report and their comments on Equity Crowdfunding as either a ‘rebuke’ or a ‘crackdown’. This is deeply… Read More

January 26, 2015 @ 10:12 am By JD Alois  |  

Recently the Financial Conduct Authority (FC) has been reviewing promotional practices of peer to peer lenders in the UK. This event was shared in a recent report from the FT which posed the question will the FCA clamp down on advertising practices utilized by P2P lenders… Read More

January 21, 2015 @ 8:56 am By JD Alois  |  

These days it may make sense to keep your money under your mattress as opposed to placing it in a bank savings account. After you get through the miscellaneous fees, a savers rate of return can easily go negative.  At least the mattress won’t charge… Read More

December 23, 2014 @ 8:00 am By Erin Hobey  |  

The European Alternative Finance Benchmarking Survey deadline has been extended until 6 January 2015. In late November  The University of Cambridge teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. As readers may know, this is the largest… Read More

December 17, 2014 @ 8:00 am By Erin Hobey  |  

In late November  The University of Cambridge teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. As readers may know, this is the largest study to date on crowdfunding, peer-to-peer lending and other forms… Read More

December 16, 2014 @ 2:50 pm By Erin Hobey  |  

Crowdcube Co-Founder Luke Lang shared his goal 2015 goal with Insider’s Storm Rannard:  the platform is aiming to fund more than 200 businesses in 2015 after revealing that 100 companies are set to raise capital before the year is out. In his Insider interview, Lang promised to “continue to… Read More

December 15, 2014 @ 10:47 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published a release stating that former Blackrock employee Jonathan Paul Burrows has been banned “from performing any function in relation to any regulated activities for not being fit and proper”. Tracey McDermott the FCA’s Director of Enforcement and… Read More

December 8, 2014 @ 9:58 am By JD Alois  |  

FCA Announces New Strategic Approach & Sharper Focus on Regulatory Challenges. The FCA intends on confronting regulatory challenges by reviewing their process and approach. Following this internal review the financial regulators have revealed their new strategy in tackling the fast changing realm of securities and… Read More

November 30, 2014 @ 5:27 pm By JD Alois  |  

The Bank of England has published its periodic report on lending and, once again lending to SME’s has declined.  Even as the Funding for Lending Scheme (FLS) added participants, net lending was slightly negative. The FLS is a stimulus program that was launched by the… Read More

November 28, 2014 @ 10:16 am By Samantha Hurst  |  

Since launching its peer to peer platform for consumer secured loans, there has been press and in-depth regulatory dialogue, leading to re-confirmation, to all borrowers and lenders that eMoneyUnion do not carry out FCA regulated mortgage activities. The loans originated and transacted on the platform… Read More

November 14, 2014 @ 9:08 am By Erin Hobey  |  

Dr. Mia Gray opines about the recent Nesta and University of Cambridge report.   To recap, Nesta, a UK based innovation charity and staunch proponent of entrepreneurship and creativity, recently published an update on the alternative finance industry in the United Kingdom.  Crowdfund Insider JD Alois explains, “The report notes… Read More

November 13, 2014 @ 1:12 pm By Erin Hobey  |  

A radical re-think of crowdfunding regulation has been called for by thought leaders from finance and the stock markets, social media, crowdfunding and the law after an endorsement by Deputy Prime Minister, Nick Clegg, placed him in potential legal jeopardy. The Crowdfunding Centre Founder Barry James spoke at the… Read More

November 5, 2014 @ 10:21 am By Erin Hobey  |  

According to The Crowdfunding Centre, “It’s taken the entrepreneurship, business and creative worlds by storm; it’s enabled start-ups and established businesses alike to market test their products and get funded at the same time; and the UK is a world leader and the world’s fastest growing… Read More

October 29, 2014 @ 9:55 am By JD Alois  |  

Embedded below is the published report by the Financial Conduct Authority (FCA) regarding feedback to their “Project Innovate”. Project Innovate was established to support industry innovation by  opening the FCA doors to businesses (large and small) who are developing innovative approaches that can benefit consumers… Read More

October 29, 2014 @ 9:41 am By JD Alois  |  

Meanwhile the SEC Stalls on Pushing Forward to Facilitate Title III & Title IV Crowdfunding. The Financial Conduct Authority (FCA), the UK regulatory body similar to the SEC, has announced the opening of their Innovation Hub as they embrace change and creativity in financial services…. Read More

October 2, 2014 @ 7:53 am By JD Alois  |  

In a public statement by the Financial Conduct  Authority, Wonga has entered into an agreement, known as a voluntary requirement (VREQ), with the FCA that requires it to make significant changes to its business immediately.  Wonga is a payday loan operator in the UK that… Read More

August 16, 2014 @ 9:35 am By Samantha Hurst  |  

Offering up some words of wisdom when it comes to equity crowdfunding, Crowdcube shared strategic insight in a post titled 7 Points Investors Should Consider. The platform provided advice for a wide range of equity topics including how to handle risk and skeptical investors. Investing… Read More