The head of Britain’s financial watchdog is stepping down early in a move some industry watchers said was a sign the government wants to take a less confrontational stance towards banks. Sources familiar with the matter said Martin Wheatley, viewed …
The European Union’s plan for a unified capital market needs more work to protect investors from losses if it is to provide the economic boost policymakers’ are hoping for, a top British regulator said on Thursday. Martin Wheatley, chief executive …
The UK’s financial regulator said insurance companies are not always providing clear information to consumers about whether it is cheaper to pay for coverage upfront or in installments. The Financial Conduct Authority said the industry should take action when required …
Conflicts of interest in dark pools and how insurers use big data are two of the main areas the U.K. Financial Conduct Authority will look into over the next year, the regulator said in its annual business plan. The FCA …
Aviva plc was fined 17.6 million pounds ($27.2 million) by the U.K. financial markets regulator for failing to manage conflicts of interest among funds in its fixed-income business. From August 2005 to June 2013, Aviva served funds that paid different …
The UK’s newly established Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), which replaced the FSA on April first, have lost no time in ordering their priorities for 2013/14. The FCA announced that its overall Annual Funding Requirement …
