Tag Archives: FCA

FCA Resilience Initiative Is One To Watch

Our friends at Finextra report an FCA initiative in monitoring critical third -party services to “strengthen resilience…” How will this affect banking licence applications, amongst other activities?  We await developments. Here’s an extract from the report: A discussion paper from the Bank of England (BofE), Financial Conduct Authority (FCA), and Prudential Regulation Authority (PRA) proposes […]

FCA Gets ‘Heavy’ On Data And Tech Management

The Financial Conduct Authority has a tough task, for which it’s heavily criticised. It’s a thankless job, and its recent announcement of “heavy” investment in the FinTech sector shows willingness – though praise for a well-ordered sector is always going to be far away. If there’s a problem, a chorus of critics will be asking […]

CCAF Focus On UK And FCA FinTech Moves – Plus Loan Offer Moves

As we reported yesterday, the Global COVID-19 Fintech Impact and Resilience Study, published by the Cambridge Centre of Alternative Finance (CCAF), the World Bank Group, and the World Economic Forum, has concluded that the FinTech industry was more resilient to the pandemic than previously stated in an earlier report from December 2020. Money&Co. was one […]

Regulators And Cryptos; We Pick A Winner

From a recent News item – a moment of digital reflection… Irresistible forces and immovable objects have a fair bit of history. Inevitably, the irresistible force ends up the winner. In FinTech, cryptos are the coming thing. And nothing, it seems, can stop them. The UK’s top financial watchdog, the Financial Conduct Authority (FCA), is […]

FCA Finds Challenger Bank Behaviour… Unchallenging – Plus Loan Auction Latest

There’s outright criminal, unlawful, dodgy and – on the far side of the border of what’s OK –  there’s illicit. We’re pleased to see, thanks to a report from our friends at Crowdfundinsider, that a recent report published by the top UK financial watchdog, the Financial Conduct Authority (FCA) that there’s nothing profoundly illicit going […]

This ISA Season Set To Be A Softly, Softly Affair

The Individual Savings Account (ISA) allows individuals to save as much as £20,000 per annum into cash deposits, shares or peer-to-peer (P2P) loans – and take the benefits of their investments tax-free. The deadline for investing is the end of the tax year, on 5th April, and we are now entering what’s known as the […]

P2P Sector Reacts To Watchdog Scrutiny Of High-Risk Investments

The top financial watchdog, the Financial Conduct Authority, has published a paper on proposed regulation of the way high-risk investments are promoted. Our friends at P2P report the news this way: The Financial Conduct Authority (FCA) said it is planning to ban the promotion of investor incentives, such as new joiner or refer-a-friend bonuses, to […]

Open Banking Opens Up – Plus Loan Latest

The UK’s leading financial regulator the Financial Conduct Authority (FCA) has introduced a liberal measure that many in the industry see as a major stimulus for the growth of open banking. This will see further convergence between the alternative-finance sector and the mainstream. Our friends at Altfi report: [The FCA] is looking to scrap a key […]

FCA And BoE Launch Blockchain-Based Reporting Initiative

The word “blockchain” was once used as a marketing gimmick for companies pivoting into an ill-understood, gimmicky world. But blockchain technology is a good way of organising information without reference to a central agent. And that’s now official – the regulatory authorities are using it in an innovative way. Our friends at Finextra report: The […]

FCA FinTech Sandbox A Success, So Far

One of the recurring stories in alternative finance – especially in cryptocurrencies – has been the struggle of regulators to keep up with the pace of innovation. The authorities have done much better in keep a vigilant bur benign eye on what one might call “mainstream digital” finance – challenger, digital banks are a prime […]