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Blogs >> Financial Conduct Authority

Deutsche Bank Fined for Reporting Failures

04 Sep 2014
Written by World Watch

The United Kingdom Financial Conduct Authority (FCA) has announced that it has fined (21 August 2014) Deutsche Bank's London branch (Deutsche) £4,718,800 for "incorrectly reporting transactions between November 2007 and April 2013".

Published in Financial Integrity

The United Kingdom Financial Conduct Authority (FCA) has announced that it has fined (27 August 2014) The Royal Bank of Scotland and National Westminster Bank £14,474,600 for "serious failings in their advised mortgage sales business".

Published in Consumer Protection

The United Kingdom Financial Conduct Authority (FCA) has announced that its review of more than 1,500 financial promotions for consumer credit products has found that some are "still falling short of [the FCA's] rules[,] and firms need to do more to ensure that advertisements do not mislead consumers".

Published in Consumer Protection

Insurance Company Fined for Sales Practices

14 Aug 2014
Written by World Watch

The United Kingdom Financial Conduct Authority (FCA) has announced that it has fined (7 August 2014) Stonebridge International Insurance £8.4 million after finding that, between April 2011 and December 2012, the firm engaged in the following conduct in its sale of accident insurance products:

Published in Consumer Protection

The United Kingdom Financial Conduct Authority (FCA) has released Guidance consultation - Social media and customer communications (August 2014) for public comment. The document sets out the FCA's proposed supervisory approach to financial promotions in social media.

Published in Consumer Protection

The United Kingdom Financial Conduct Authority (FCA) has announced that it has issued final notices to the following entities (both dated 16 June 2014), fining them for "failing to ensure [that] financial promotions for [Credit Suisse International's (Credit Suisse)] Cliquet Product were clear, fair and not misleading":

Published in Consumer Protection

Potential Manipulation of Foreign Exchange Rates

01 May 2014
Written by World Watch

Prosecutors from the US Department of Justice (DoJ) have travelled to London to conduct joint interviews with the United Kingdom's (UK) Financial Conduct Authority (FCA), of UK-based currency traders in connection with an investigation into alleged rigging of foreign exchange rates.

Published in Insider Trading

The United Kingdom Financial Conduct Authority (FCA) has fined (24 March 2014) Santander UK £12,377,800 after finding that the bank breached Principles 7 (Communications with clients) and 9 (Customers: relationships of trust) of the FCA's Principles for Business (February 2014) in the way it offered customers financial advice.

Published in Consumer Protection

The United Kingdom Financial Conduct Authority (FCA) has announced that it has fined general insurance broker Besso £315,000 for failing to effectively manage risks of bribery and corruption.

Speech - Regulation of Financial Markets

13 Mar 2014
Written by World Watch

The United Kingdom (UK) Financial Conduct Authority (FCA) made available Regulatory Developments and the Changing Market Structure on 12 March 2014, a speech prepared for delivery by FCA markets director David Lawton at a conference on global capital markets, hosted by The Law Society of England and Wales and the American Bar Association international law section on 27 February 2014 in London.

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