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

Will Regulators’ Public Shaming Blunt Innovation?
Will Regulators’ Public Shaming Blunt Innovation?
June 05, 2024  |  Regulation

The respective online “walls of shame” that U.S. and U.K. regulators have proposed to erect — spotlighting companies under various investigations — may have a...

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Monzo: UK Bank Watchdog Ends Money Laundering Probe
Monzo: UK Bank Watchdog Ends Money Laundering Probe
June 04, 2024  |  Bank Regulation

The U.K.’s financial watchdog has apparently dropped a probe into Monzo’s anti-money laundering system. That’s according to an item buried deep in the neobank’s annual report issued Monday (June...

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City of London Seeks to Boost Competitiveness, Foreign Investment
City of London Seeks to Boost Competitiveness, Foreign Investment
May 22, 2024  |  International

The City of London, the administrator of the financial district of the United Kingdom, is reportedly grappling with concerns about the district’s competitiveness and the need...

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UK’s FCA Defends Proposal to Disclose Companies Under Investigation
UK’s FCA Defends Proposal to Disclose Companies Under Investigation
May 08, 2024  |  Regulation

The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, has reportedly faced a backlash from the industry regarding its proposal to publicly disclose companies under...

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This Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
This Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
April 26, 2024  |  artificial intelligence

This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information...

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UK Set to Revise AI Oversight Amid Big Tech Data Boom
UK Set to Revise AI Oversight Amid Big Tech Data Boom
April 24, 2024  |  artificial intelligence

The head of the U.K.’s financial regulator announced plans to explore how big tech companies’ access to extensive data might lead to improved financial products and more options for consumers. The regulatory...

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FI Operational Resiliency Goes Proactive as UK Regulations Loom
FI Operational Resiliency Goes Proactive as UK Regulations Loom
April 22, 2024  |  Regulation

Bad things can happen to good companies. And with the news Friday (April 12) that instant money movement platform TabaPay is acquiring Synapse’s assets following the latter’s bankruptcy, operational...

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 The Juggling Act That Can Cost Middle-Market Firms $10 Million
 The Juggling Act That Can Cost Middle-Market Firms $10 Million
April 19, 2024  |  Regulation

This week, an official with the Financial Conduct Authority (FCA), an agency tasked with overseeing firms and markets in the U.K., compared her job to...

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UK Plans Stablecoin, Crypto Staking Legislation For Summer
UK Plans Stablecoin, Crypto Staking Legislation For Summer
April 15, 2024  |  Cryptocurrency

The British government is reportedly readying legislation for stablecoins and crypto staking, exchange and custody.  “We are now working at pace to deliver the legislation to put...

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