Financial Conduct Authority

Ex-City Watchdog Boss Wants To Pay More Council Tax But Can't

The Huffington Post UK | Asa Bennett | Posted 03.06.2014 | UK Politics

Former City watchdog boss Lord Turner has admitted that he is "amazed" by "how little" he has to pay in council tax on his Kensington home and called ...

Justice Armageddon as Court of Appeal Destroys Accuseds' Right to a Proper Defence and a Fair Trial

Philip S Smith | Posted 23.07.2014 | UK
Philip S Smith

It is impossible to overstate the serious implications of a Court of Appeal decision this week which spell disaster for the administration of British justice.

Why Won't City Watchdog Probe The Royal Mail Privatisation?

The Huffington Post UK | Asa Bennett | Posted 28.04.2014 | UK Politics

Royal Mail's controversial privatisation will not be probed by the Financial Conduct Authority, despite its cheap valuation meaning that the taxpayer ...

6 Shocking Things You Wouldn't Believe Payday Lenders Have Done

The Huffington Post UK | Asa Bennett | Posted 13.03.2014 | UK Politics

Payday lenders have spread so far across Britain's high streets that there is now one lender for every seven banks and building societies. The shoc...

MPs Tell Bankers To Stop Using 'Nuremberg Defence'

The Huffington Post UK | Asa Bennett | Posted 04.02.2014 | UK Politics

Bankers caught mis-selling financial products to consumers should not be able to justify their actions by saying "they were only following orders", MP...

Banks Up Their Game in Interest Swap Compensation Saga

Andrew Brown | Posted 29.03.2014 | UK
Andrew Brown

Following on from my most recent two blog posts (here and here) on the subject of the ongoing interest rate swap mis selling compensation scheme, the ...

Lloyds Hit With Record £28 Million Fine

The Huffington Post UK | Asa Bennett | Posted 25.01.2014 | UK

Lloyds Banking Group has been hit with a record £28 million fine for "serious failings" in their bonus schemes for sales staff by the Financial Condu...

Interest Rate Swaps: Is There Enough in the Pot to Cover Consequential Losses?

Andrew Brown | Posted 25.01.2014 | UK
Andrew Brown

Despite setting aside almost £3 billion to compensate businesses affected by the interest rate swap mis-selling scandal, the full bill Britain's banks must pay for mis-selling swap products won't be known for some time.

British Banks Told They Are Deceiving Themselves Over Interest Rate Swap Compensation

Andrew Brown | Posted 23.01.2014 | UK
Andrew Brown

British banks have paid out only a fraction of the £3 billion designated to compensate SMEs mis-sold interest rate swaps products, drawing criticism from the business world and the financial watchdog.

Payday Critics Are Snobs, Says Industry Chief

The Huffington Post UK | Asa Bennett | Posted 07.11.2013 | UK Politics

Ed Miliband's proposed 'Wonga tax' on lenders to help their rival credit unions has come under fire from a payday industry chief, who accused critics ...

'Our Customers Love Us'

The Huffington Post UK | Tom Moseley | Posted 03.10.2013 | UK

The man representing the payday loans industry has boasted: Our customers love us. Russell Hamblin-Boone, chief executive of trade body the Consume...

The Great Interest Rate Swap Saga: Are You Eligible for Consequential Losses

Andrew Brown | Posted 23.01.2014 | UK
Andrew Brown

According to the FCA, more than 25,000 sales are in the process of being assessed by the banks and the first letters offering compensation have been sent out. The FCA expects most customers will be informed of the result of their review and of any possible basic redress (the repayment of the sums paid by the customer under the 'swap') by the end of the year.

'Lily-Livered' Bank Regulator Under Fire

The Huffington Post UK | Asa Bennett | Posted 10.09.2013 | UK Politics

Martin Wheatley, chief executive of the Financial Conduct Authority, the UK's new banking regulator, has dismissed suggestions that his organisation h...

'£1.3bn For Mis-Selling Compensation Is B*llocks'

The Huffington Post UK | Asa Bennett | Posted 23.08.2013 | UK

A £1.3 billion compensation package for seven million people missold card insurance policies by card insurer CPP group was dismissed as "b*llocks" an...

Banks Could Be Forced To Set Female Quotas

The Huffington Post UK | Asa Bennett | Posted 12.08.2013 | UK

Banks, building societies and insurance companies will be forced to set quotas for the number of women in their senior management and release their di...

The Value and Cost of Financial Products

Roland Cross | Posted 09.07.2013 | UK
Roland Cross

So everything is crystal clear, the Retail Distribution Review (RDR) has been introduced, the Financial Conduct Authority (FCA) has banned rebates and transparency reigns in the financial industry; consumers are rejoicing - well not quite.

Carney's Number Two Announced At The Bank of England

The Huffington Post UK | Charlie Thomas | Posted 19.02.2013 | UK

The Bank of England has chosen Andrew Bailey to be Mark Carney's deputy governor when he steps into the role later this year. Bailey will also hold...

Charlie Thomas

Alternative Funding Model Gets A Nod From The Treasury

HuffingtonPost.com | Charlie Thomas | Posted 07.12.2012 | UK

The Treasury has announced that peer-to-peer lending will fall under the Financial Conduct Authority for its regulations, adding credibility and boost...

Payback to Payday Lenders

Carl Packman | Posted 24.12.2012 | UK Politics
Carl Packman

This industry is growing fast by the day, after being given a great boost by the recession, and it is high time the government gave the regulatory architecture some teeth to make sure vulnerable people aren't being exploited to the detriment of their personal finances further.

Chris Wimpress

Stella Creasy: 'I Really Am An Indie Kid'...

HuffingtonPost.com | Chris Wimpress | Posted 30.04.2012 | UK Politics

Spending an hour with Stella Creasy, the just-turned 35-year-old Labour MP for Walthamstow, is mentally exhausting, truth be told. She talks so fast ...

The Government Must Make Financial Services Work for Vulnerable People

Gillian Guy | Posted 28.04.2012 | UK Politics
Gillian Guy

In 2009/10 the Family Resources Survey found that 7% of adults in the UK didn't have a bank account. Almost one fifth of people over 65 with a bank account use someone else to access their day-to-day spending money, and a quarter find it difficult to get to a bank branch.