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FCA fines Volkswagen Finance £5.4m over treatment of customers in financial difficulty
The FCA has fined Volkswagen Financial Services (UK) Limited (Volkswagen Finance) £5,397,600 for failing to treat its customers in financial difficulty fairly. -
FCA responds to market review on delivering finance for global decarbonisation and UK growth
The FCA welcomes recommendations from the Transition Finance Market Review and firms starting to set out plans for how they will decarbonise. -
FCA launches premium finance market study alongside new Government insurance taskforce
The FCA has announced a package of work in the insurance market amid concerns about rising prices, alongside the launch of the Government motor insurance taskforce. -
FCA fines TSB £10.9m over treatment of customers in financial difficulty
The FCA has fined TSB Bank plc (TSB) £10,910,500 for failing to ensure customers who were in arrears were treated fairly. -
FCA begins criminal proceedings against two individuals for insider dealing
The FCA has started a criminal prosecution against Matthew and Nikolas West for insider dealing. -
FCA fines Starling Bank £29m for failings in their financial crime systems and controls
The FCA has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. -
The end of LIBOR
On 30 September 2024, the remaining synthetic LIBOR settings were published for the last time and LIBOR came to an end. -
FCA and PRA appoint new Chair of the FSCS
The FCA and the Prudential Regulation Authority (PRA) have appointed Elizabeth Passey as chair of the Financial Services Compensation Scheme’s (FSCS) board. -
Digital Securities Sandbox opens for applications
The Digital Securities Sandbox (DSS) allows firms to test legislative changes in real world scenarios before the changes are implemented. -
Olumide Osunkoya pleads guilty to illegally operating crypto ATM network
Mr Olumide Osunkoya pleaded guilty to 5 offences at today’s hearing at Westminster Magistrates’ Court.