Financial Conduct Authority

Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

Source: fca.org.uk

Bitcoin Daily: S Korea OKs Crypto, Exchange Regulation; Malta’s Trident Crypto Database Stolen
Bitcoin Daily: S Korea OKs Crypto, Exchange Regulation; Malta’s Trident Crypto Database Stolen
March 05, 2020  |  Bitcoin

In a new digital real estate game called Upland, players can buy virtual versions of properties in San Francisco, Cointelegraph reported. Players can then earn...

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UK Explores Open Banking’s SMB Finance Impact
UK Explores Open Banking’s SMB Finance Impact
March 05, 2020  |  B2B Payments

Open Banking business models continue to proliferate, and not just geographically. In the U.K., financial regulators are exploring an expansion of the data ownership, privacy...

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Coronavirus Cases Surpass 1,000 in Japan; Amazon Office Worker Confirmed Case
Coronavirus Cases Surpass 1,000 in Japan; Amazon Office Worker Confirmed Case
March 04, 2020  |  International

The coronavirus could have wide-reaching effects on eCommerce, sporting events, travel, technology, and the economy as a whole. Here are the latest updates on the...

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Top News In Payments: Open Banking Could Expand In UK; Goldman Leads $1.75B Credit Line For WeWork
Top News In Payments: Open Banking Could Expand In UK; Goldman Leads $1.75B Credit Line...
December 18, 2019  |  News

In today’s top payments news, the Financial Conduct Authority proposed new data sharing rules to expand open banking in the U.K., and WeWork received $1.75...

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UK Banking Investigations Rise 16 Pct YOY
UK Banking Investigations Rise 16 Pct YOY
December 15, 2019  |  Bank Regulation

Probes into financial institutions in the U.K. are up for the first time since 2015 due in part to an increase in both white-collar and...

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UK Regulators Call For Backup Plans Following Bank IT Glitches
UK Regulators Call For Backup Plans Following Bank IT Glitches
December 05, 2019  |  Bank Regulation

U.K. regulators on Thursday (Dec. 5) called on banks and payment firms to set “impact tolerances” for important services after numerous IT failures last year,...

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FCA Questions Metro Bank Managers On Misreporting Allegations
FCA Questions Metro Bank Managers On Misreporting Allegations
September 17, 2019  |  Bank Regulation

Metro Bank senior managers are being grilled by the U.K. Financial Conduct Authority (FCA) about a misreporting scandal that caused stock values to fall in excess...

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FCA Agrees To 18-Month SCA Implementation Timeframe
FCA Agrees To 18-Month SCA Implementation Timeframe
August 13, 2019  |  Regulation

The Financial Conduct Authority said Tuesday (Aug. 13) that it has agreed to a phased implementation of the Strong Customer Authentication (SCA) rules slated to...

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Challenger Payments Platform VibePay OK’d By UK FCA
Challenger Payments Platform VibePay OK’d By UK FCA
July 11, 2019  |  Banking

London-based VibePay has won approval from the U.K. Financial Conduct Authority (FCA) to provide direct-to-bank payments via open banking. VibePay will launch its first product,...

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