FCA opens investigation into claims management company
The FCA has opened an enforcement investigation into The Claims Protection Agency Limited (TCPA) following concerns about its advertising and sales tactics in relation to potential motor finance claims. The FCA is investigating what customers were told about the amount of redress they might obtain, whether they were
Read MoreDeep in the vaults: the Bank of England’s £1.4bn Venezuelan gold conundrum
Nicolás Maduro’s seizure by US reopens question of who controls country’s reserves held in the UK Trump suggests US taxpayers could reimburse oil firms Business live – latest updates Venezuela live – latest updates Deep under London’s streets, thousands of miles from Caracas, Nicolás Maduro’s seizure by the
Read MoreOpen banking: a year of progress
Open banking in the UK is growing rapidly. Latest industry figures show there are more than 16 million users now benefiting from the service. The number of open banking payments has soared by 53% year on year, reflecting a significant shift in how consumers and businesses manage their
Read MoreFCA seeks feedback on proposals for UK crypto rules
We are asking for views on new proposals as the next step in shaping the UK’s crypto rules. These proposals continue our progress towards an open, sustainable and competitive crypto market that people can trust. We want a market where innovation can thrive, but where people understand the
Read MoreBespoke market risk rules could unlock growth
We’re seeking feedback on whether tailored market risk rules for non-bank trading firms could remove unnecessary barriers, free up capital and attract new market participants, ultimately supporting economic growth. The rules in place today were originally designed for banks to ensure they held enough capital to absorb major
Read MoreBank of England cutting jobs as part of overhaul after critical Bernanke review
Bank under budget pressures as it responds to former Fed chair’s report into failure to forecast surging inflation Business live – latest updates The Bank of England has said it is cutting jobs amid sweeping changes at Threadneedle Street after a highly critical review into its failure to
Read MoreBank of England defends OBR’s independence against political attacks; UK banks pass stress tests – as it happened
BoE governor Andrew Bailey says it’s important to remember why Office for Budget Responsibility was created, amid row over budget leaks The Bank of England is planning to ease capital rules for high street banks for the first time in a decade, marking the latest attempt to loosen
Read MoreBoE governor says it has not forgotten lessons of financial crisis, as it eases capital rules
Bank of England’s move risks stoking concerns about weakening protections against UK bank failures Business live – latest updates The Bank of England governor, Andrew Bailey, has attempted to reassure that the lessons of the 2008 financial crisis have not been forgotten, as he announced plans to loosen
Read MoreBank of England defends OBR’s independence against political attacks; UK banks pass stress tests – business live
BoE governor Andrew Bailey says it’s important to remember why Office for Budget Responsibility was created, amid row over budget leaks The Bank of England is planning to ease capital rules for high street banks for the first time in a decade, marking the latest attempt to loosen
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