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Showing 21 - 30 of 272 results for %22Financial Conduct Authority%22

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... disregarding liquidity risks and are unprepared in the event of mass redemptions, a review by the Financial Conduct Authority (FCA) finds. The UK regulator found that many authorised funds dismiss their liquidity management obligations by way of poor ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
Financial advisers from large aligned AFSL groups bear the brunt of complaints, according to the Australian Financial Complaints Authority's data, with several AMP and Insignia Financial practices leading the pack. Modelling of the AFCA data shows ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... which can only be understood by taking a system-wide perspective," it said. Working closely with the Financial Conduct Authority (FCA) and the Pensions Regulator, the BoE will bring together data and information from various parts of the financial system ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
The Australian Financial Complaints Authority (AFCA) has shed light on what it considers systemic shortcomings in the superannuation, investment, and financial advice industries. The AFCA Systemic Issues Insights report identified multiple instances ...

FCA simplifies listing rules to attract global companies

ANDREW MCKEAN  |  WEDNESDAY, 3 MAY 2023
The Financial Conduct Authority (FCA) has proposed reforms to simplify listing rules, positioning the UK to attract a wider range of companies. The FCA wants to make the UK's listing regime more effective, easier to understand, and competitive, ultimately ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
Link Group has sold the troubled Fund Solutions business and reached a settlement with the UK Financial Conduct Authority (FCA) over the Woodford fund issues. Fund Solutions has been sold to Waystone Group, for between $203 to $259 million (£110- £140) ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... of a Monetary Policy Board and a Corporate Governance Board; the former would look at monetary policy decisions and financial system stability alone, while the latter would be focused on corporate governance. The Monetary Policy Board would comprise ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... account. Silicon Valley's entry into the space has caused some concern for regulators, last year the Financial Conduct Authority (FCA) launched an inquiry into big tech firms like Google, Facebook Amazon and Apple entering financial markets with fears ...

ASIC cans Binance AFSL

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... any form of UK authorisation, registration or licence to conduct regulated activity in the UK," the Financial Conduct Authority said.

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... Linchpin and was considered an officer of Endeavour. Daly is the former chair of the Association of Independently Owned Financial Professionals. All four were banned from providing financial services for five years in November 2019. Much of the money ...