UK Markets Regulator Warns of Dangers of Unregulated Cryptocurrencies August 1, 2019 By Huw Jones and Tom Wilson Britain’s markets watchdog said on Wednesday that bitcoin and other cryptocurrencies have no intrinsic value and offer consumers few protections,...
Lloyd’s Must Demonstrate Progress in Tackling Sexual Harassment: Bank of England June 19, 2019 By Will Hadfield The Bank of England called for Lloyd’s of London to demonstrate progress in tackling the insurance market’s culture of sexual...
Bank of England Warns Against Weakening Rules for Insurers, Banks After Brexit May 17, 2019 By Huw Jones Weakening rules for banks and insurers after Brexit would be “anathema,” but Britain could change its style of regulating to...
Britain’s Financial Regulator to Review Its Rules for Post-Brexit Landscape April 17, 2019 Britain’s markets watchdog will review its rules as the country readies to leave the European Union, the source of its...
UK Insurers, Banks to Get Regulatory Transition Period in Event of Hard Brexit March 1, 2019 By Huw Jones British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European...
UK Financial Markets at Risk of Disruption with Hard Brexit: Regulator February 28, 2019 By Huw Jones Financial markets are still at risk of disruption if there is a no-deal Brexit, Britain’s Financial Conduct Authority said on...
UK Probe of Wholesale Brokers Finds No Evidence of Anti-Competitive Behavior February 20, 2019 By Huw Jones Britain’s wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for...
UK Watchdog’s Fines Against Insurers, Banks Drop by 75% in 2018 December 28, 2018 By Kaye Wiggins The total value of fines handed out by the U.K.’s Financial Conduct Authority fell by almost 75 percent in 2018,...
UK Household Insurers, Banks Face Action for Overcharging Customers December 19, 2018 By Jonathan Browning and Karin Matussek Providers in the U.K.’s markets for cash savings, mortgages, insurance, mobile phone contracts and broadband are burdening customers with a...
UK Regulator to Punish Financial Services Firms for Failures with Cyber Defenses November 27, 2018 By Huw Jones Britain’s Financial Conduct Authority will punish firms that are failing to get the basics right on cyber defenses, or whose...