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  1. FCA fines Bank of Scotland for failing to report suspicions of fraud at HBOS Reading

    Press Releases

    Published: 21/06/2019

    Last modified: 21/06/2019

    The Financial Conduct Authority (FCA) has today fined Bank of Scotland (BOS) £45,500,000 for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based Impaired Assets (IAR) team of Halifax Bank of
  2. Independent reviews of Interest Rate Hedging Products and the Connaught Income Fund Series 1

    Press Releases

    Published: 20/06/2019

    Last modified: 20/06/2019

    The FCA has appointed Independent Reviewers for the lessons learned reviews commissioned by the FCA’s Board. One review will cover the redress scheme for Interest Rate Hedging Products and the other will cover the regulation of firms involved
  3. FCA publishes its first annual report on the perimeter

    Press Releases

    Published: 19/06/2019

    Last modified: 19/06/2019

    The Financial Conduct Authority has today published its first annual perimeter report.
  4. FCA announces further action on defined benefit transfers

    Press Releases

    Published: 19/06/2019

    Last modified: 19/06/2019

    The Financial Conduct Authority has today published the results of the data it has received from firms carrying out Defined Benefit (DB) transfers and set out the next steps in its supervisory work related to transfers.
  5. FCA and CSRC announce their support for the Shanghai-London Stock Connect scheme

    Press Releases

    Published: 17/06/2019

    Last modified: 17/06/2019

    The Financial Conduct Authority (FCA) and the China Securities Regulatory Commission (CSRC) have today made a joint announcement of their approval of the Shanghai and London Stock Exchanges’ proposed new Shanghai-London Stock Connect. They have
  6. FCA calls on consumers to act now as PPI complaints deadline pressure builds

    Press Releases

    Published: 17/06/2019

    Last modified: 19/06/2019

    As new ads launch today, 90s icon Mr Motivator and personal finance expert Sarah Pennells join ‘Animatronic Arnie’ on FCA’s ‘Pressure’s on Panel’ to help galvanise consumer action The FCA releases latest figures on PPI
  7. FCA publishes final report in relation to RBS GRG

    Press Releases

    Published: 13/06/2019

    Last modified: 13/06/2019

    The Financial Conduct Authority (FCA) has today published the final report on its investigation in to Royal Bank of Scotland’s (RBS) treatment of small and medium-sized enterprise (SME) customers transferred to its Global Restructuring Group (GRG).
  8. FCA publishes final rules on Buy Now Pay Later products

    Press Releases

    Published: 12/06/2019

    Last modified: 12/06/2019

    The Financial Conduct Authority (FCA) today confirmed it will introduce new rules in the Buy Now Pay Later (BNPL) market, saving consumers around £40-60 million a year. The changes, which include banning firms from charging backdated interest on
  9. FCA to host events for British Steel Pension Scheme Members

    Press Releases

    Published: 07/06/2019

    Last modified: 07/06/2019

    The Financial Conduct Authority (FCA) is to host a series of events for British Steel Pension Scheme Members (BSPS). These are designed to provide information for members concerned about the advice they may have received when they transferred their
  10. FCA confirms biggest shake-up to the overdraft market for a generation

    Press Releases

    Published: 07/06/2019

    Last modified: 07/06/2019

    The Financial Conduct Authority (FCA) has today confirmed it is introducing reforms to fix a dysfunctional overdraft market. These changes will make overdrafts simpler, fairer, and easier to manage and will protect the millions of consumers that use
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