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Regulatory Oversight
FCA chief pushes back on ‘vocalʼ industry critics of ombudsman decisions
Nikhil Rathi, chief executive of the UK Financial Conduct Authority (FCA), reminded firms that complain to lawmakers about decisions by...
Compliance
FCA CEO says regulator tackling ‘rip-offʼ motor insurance, as Which? mulls super complaint
Nikhil Rathi, chief executive of the UK Financial Conduct Authority (FCA), said it was focused on reducing harm, in response...
Conduct & Culture
Lloyds, Barclays CEOs expand on costs of preparing for Supreme Court outcome
A “very significant” portion of the £450 million that Lloyds Bank set aside last year to potentially compensate customers mis-sold...
UK Regulation
UK regulator monitors neo-brokers’ game-like features targeting Gen Z
The UK Financial Conduct Authority (FCA) is closely monitoring the game-like features of neo-brokers aimed at young investors. The online...
Conduct & Culture
FCA charts ‘middle courseʼ in pleadings before UK Supreme Court
The Financial Conduct Authority (FCA) proposed a middle route between the “two extremes” of treating all motor brokers as fiduciaries...
Conduct & Culture
Supreme Court hears opposing views of role of broker in motor finance
Car dealers selling finance to customers purchasing a vehicle were either the linchpin in the process determining the price and...
Conduct & Culture
Appeal Court went ‘too farʼ in motor finance judgment, FCA tells Supreme Court
The UK Financial Conduct Authority (FCA) said the Court of Appeal went “too far” in its October 2024 decision that...
Compliance
FCA prepares for industry-wide motor finance redress scheme, cuts out claims firms
The UK Financial Conduct Authority (FCA) looks likely to impose an industry-wide redress scheme for mis-sold car finance, as this...