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Showing 71 - 80 of 117 results for "FCA"

YouTube fundie woes continue

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 JUN 2019
The UK's Financial Conduct Authority (FCA) has opened an investigation into the events surrounding the suspension of the Woodford Equity Income Fund, with Link Group now caught in the scandal. Earlier this month, star UK fund manager Neil Woodford took ...

FCA stokes intergenerational wealth debate

HARRISON WORLEY  |  THURSDAY, 23 MAY 2019
... shifting demographics. The discussion paper poses a series of questions designed to engender a nationwide conversation on how the FCA and the financial services industry should meet consumers' changing needs. The FCA said it recognises the way people ...

Crypto scams bite UK

HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
... through "bogus" online trading platforms, after the nation lost £27 million to crypto and forex scams so far in FY18/19. The FCA said crypto and forex scam reports more than tripled in the last year, clearing 1800. According to the UK's national fraud ...

FCA begins financial advice market review

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... market delivers. It will also consider how new market trends and developments might affect the future development of advice. FCA executive director of strategy and competition Christopher Woolard said consumers and the market are changing rapidly, as ...

FCA hits Goldman Sachs over reporting failures

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... services conduct regulator has fined Goldman Sachs International more than £34 billion over historic reporting breaches. The FCA revealed the fine late last month and said the global giant had failed to provide accurate and timely reporting relating ...

UBS fined $51m for reporting breaches

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... information relating to about 87 million reportable transactions. A further 49.1 million transactions were reported in error. The FCA said the failings relate to UBS's change management processes, maintaining reference data used in its reporting and ...

KPMG brings remediation regtech to Australia

HARRISON WORLEY  |  TUESDAY, 5 MAR 2019
... transparency solutions to Australian financial institutions. The firm was founded in 2013 after the Financial Conduct Authority (FCA) took action against the UK finance industry over a host of issues. According to KPMG, Recordsure can help financial ...

ASIC gears up for Brexit

KANIKA SOOD  |  MONDAY, 11 FEB 2019
... statement. ASIC said it will enter into new memorandums of understanding (MoU) with the UK's Financial Conduct Authority (FCA). This is because the FCA is set to take over from the European Securities and Markets Authority (ESMA), the overseeing of credit ...

Treasury initiates review post RC

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
... banks," Treasury said. Financial Counselling Australia chief executive Fiona Guthrie said [in a statement issued by Treasury]: "FCA and financial counsellors are delighted that the Government recognises the immediate need for predictable and stable funding ...

New rules for UK retirement income products

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... those seeing long-term income; and a fund for those with no plans to access the money for at least five years. A review by the FCA found many consumers are focused only on taking their tax-free cash and take the 'path of least resistance' when entering ...