Crypto Ad Ban In UK A Failure? 50% Still Active Despite RestrictionsThe FCA struggles to enforce crypto advertisement regulations, with only 54% of flagged illegal ads removed.
Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: SourcesBCB Group's FCA investigation concluded positively, allowing them to expand their UK regulatory footprint.
Crypto Ad Ban In UK A Failure? 50% Still Active Despite RestrictionsThe FCA struggles to enforce crypto advertisement regulations, with only 54% of flagged illegal ads removed.
Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: SourcesBCB Group's FCA investigation concluded positively, allowing them to expand their UK regulatory footprint.
Moody's warns car finance scandal could cost lenders 30bnMis-sold motor finance could cost lenders up to £30 billion in compensation, drawing parallels to the PPI scandal.
Car finance complaints widened to cover leasing deals, giving lenders more time to respondThe FCA extends the complaints deadline to December 2025, now including leasing agreements alongside traditional car finance.
Moody's warns car finance scandal could cost lenders 30bnMis-sold motor finance could cost lenders up to £30 billion in compensation, drawing parallels to the PPI scandal.
Car finance complaints widened to cover leasing deals, giving lenders more time to respondThe FCA extends the complaints deadline to December 2025, now including leasing agreements alongside traditional car finance.
FCA over-regulation risks choking crowdfunding and harming small businessesFCA's regulations on crowdfunding are reportedly harming investment opportunities for SMEs, risking billions in economic impact.
MPs brand UK financial regulator 'incompetent'UK's FCA criticized by MPs for incompetence and failure to perform, calling for an overhaul.
Minister urges UK financial regulator to rethink naming and shaming' planThe City minister is challenging the FCA's plan to name and shame firms, considering its potential impact on financial stability.
Starling Bank fined $39 million for 'facilitating financial crime' | TechCrunchStarling Bank was fined £29 million for inadequate financial crime controls, leading to onboarding high-risk customers despite regulatory warnings.
UK financial watchdog slammed for failed tech transformationThe FCA's technology-driven transformation program has been criticized for its ineffectiveness and failure to resolve longstanding organizational issues.
FCA is incompetent at best, dishonest at worst', claim MPs and peersThe UK's Financial Conduct Authority is criticized as incompetent and opaque, requiring urgent reforms to better protect consumers and tackle financial crime.
Santander UK sets aside 295m for car finance scandalSantander UK has set aside £295 million for compensating customers affected by mis-sold car loans amid a growing financial controversy.
MPs brand UK financial regulator 'incompetent'UK's FCA criticized by MPs for incompetence and failure to perform, calling for an overhaul.
Minister urges UK financial regulator to rethink naming and shaming' planThe City minister is challenging the FCA's plan to name and shame firms, considering its potential impact on financial stability.
Starling Bank fined $39 million for 'facilitating financial crime' | TechCrunchStarling Bank was fined £29 million for inadequate financial crime controls, leading to onboarding high-risk customers despite regulatory warnings.
UK financial watchdog slammed for failed tech transformationThe FCA's technology-driven transformation program has been criticized for its ineffectiveness and failure to resolve longstanding organizational issues.
FCA is incompetent at best, dishonest at worst', claim MPs and peersThe UK's Financial Conduct Authority is criticized as incompetent and opaque, requiring urgent reforms to better protect consumers and tackle financial crime.
Santander UK sets aside 295m for car finance scandalSantander UK has set aside £295 million for compensating customers affected by mis-sold car loans amid a growing financial controversy.
UK challenger bank Starling hit with 29 million FCA fine for 'shockingly lax' customer checksStarling Bank was fined £29 million for insufficient controls against financial crime, exposing the system to risks from criminals and sanctioned individuals.
Starling Bank fined 29m for shockingly lax' financial crime controlsStarling Bank was fined £29 million for insufficient financial crime controls, allowing risks of fraud and money laundering.
UK challenger bank Starling hit with 29 million FCA fine for 'shockingly lax' customer checksStarling Bank was fined £29 million for insufficient controls against financial crime, exposing the system to risks from criminals and sanctioned individuals.
Starling Bank fined 29m for shockingly lax' financial crime controlsStarling Bank was fined £29 million for insufficient financial crime controls, allowing risks of fraud and money laundering.
UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for ApprovalOver 87% of crypto registrations in 2023-24 did not meet approval standards set by the FCA.
UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since OctoberThe FCA issued over 1,000 warnings to unregistered crypto firms for illegal promotions, resulting in the removal of 48 apps from UK app stores.
Bitcoin ETPs Get Approval to List on the London Stock ExchangeThe FCA approved WisdomTree to list Bitcoin and Ethereum ETPs on the London Stock Exchange, signaling a shift in regulatory stance towards cryptocurrency.
UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since OctoberThe FCA issued over 1,000 warnings to unregistered crypto firms for illegal promotions, resulting in the removal of 48 apps from UK app stores.
Bitcoin ETPs Get Approval to List on the London Stock ExchangeThe FCA approved WisdomTree to list Bitcoin and Ethereum ETPs on the London Stock Exchange, signaling a shift in regulatory stance towards cryptocurrency.
UK's FCA Opens the Door for Institutional Investors to Build Crypto-Backed ETN MarketThe FCA is open to crypto asset-backed ETNs for professional investors, not retail.London Stock Exchange to accept bitcoin and ether ETN applications in Q2 2024.
WisdomTree Gets Green Light to List Bitcoin, Ether ETPs on London Stock ExchangeETPs limited to professional investors with 35 basis points fees.
UK's FCA Opens the Door for Institutional Investors to Build Crypto-Backed ETN MarketThe FCA is open to crypto asset-backed ETNs for professional investors, not retail.London Stock Exchange to accept bitcoin and ether ETN applications in Q2 2024.
WisdomTree Gets Green Light to List Bitcoin, Ether ETPs on London Stock ExchangeETPs limited to professional investors with 35 basis points fees.
London Stock Exchange To Launch Bitcoin ETN Market In MayThe London Stock Exchange will accept applications for Bitcoin Crypto ETNs starting April 8, 2024.Issuers must submit required documentation by April 15, with trading planned to begin on May 28, 2024.
UK Regulator FCA Plans to Deliver a Market Abuse Regime for Crypto This YearThe FCA plans to implement a market abuse regime for crypto assets on U.K. exchanges.The proposed regime would apply to anyone engaging in market abuse on these assets, regardless of their location.