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Risk Management Industry News for FCA Regulated Businesses

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FCA, Payday Lenders

Does the demise of QuickQuid signal the end of Payday Loans?

Last Friday saw the collapse of the UK’s largest payday lender QuikQuid, following a raft of customer complaints and compensation claims. The company announced it was quitting the UK market “due to regulatory uncertainty” with the business owners...

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FCA, SM&CR

Final call for Senior Managers ahead of SMCR deadline

Time is running out to prepare for the Senior Managers and Certification Regime (SMCR), which will be rolled out across the financial services sector from 9 December, raising standards and introducing new levels of accountability.

It will see a...

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FCA, Insurance, Company Culture

Company culture takes centre stage for FCA

The FCA is continuing to keep a close eye on the insurance market as it seeks to eliminate bad behaviour and practices, with organisations operating within the sector, beginning to take a more robust approach to dealing with issues relating to company...

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FCA, Financial Services, Financial Crime

FCA warnings of company cloning signals an epidemic

What do Smith & Williamson, Fidelity and Rothschild have in common? Apart from all being well known within financial services as investment providers, the answer is all three were recently cloned.

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FCA, Regulation

Vulnerable customers are centre stage as FCA launches consultation

The Financial Conduct Authority has issued potential guidelines and a consultation on one of its highest priorities – the recognition and fair treatment of so-called vulnerable customers.

The regulator is requesting industry feedback to some suggested...

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FCA, Regulation

FCA on the warpath as value of fines rises threefold

Anyone who believes the Financial Conduct Authority was treading water in terms of its approach to enforcement should think again. The regulator has issued some swingeing penalties and in the last six months to the end of June, some 10 fines had a...

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