Financial experts have found the timing of this IPO filing odd as the company is still waiting on approval from Chinese authorities. This potential listing could attain a value of roughly £50bn and would likely be one of the biggest in London in 10 years. The filing is an application and does not mean automatic…
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According to the UK’s financial watchdog, the bank did not “properly consider” the circumstances of people when they missed debt repayments between June 2017 and October 2018. This implies that HSBC did not correctly perform “affordability assessments” when devising plans to reduce or clear arrears. Don’t miss out the latest news, subscribe to LeapRate’s newsletter…
Read moreComplaints about payment protection insurance (PPI) drove a 13% increase in the number of complaints made to financial services firms in the second half of 2017, according to figures published today by the Financial Conduct Authority (FCA). During the second half of 2017 a total of 3.76 million complaints were received, an increase of 427,032…
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The Financial Conduct Authority (FCA) has today published position limits on certain commodity derivative contracts which are traded on UK trading venues. The limits have been established by exercising the regulator's power of direction under Regulation 16 of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (MIFI Regs) in accordance…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Greenshields Capital Group. Greenshields Capital Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Financial Conduct Authority (FCA) has today published a report outlining how the regulatory sandbox has met its objectives over the first year of operation. The sandbox was established to support the FCA’s objective of promoting effective competition in the interests of consumers. The sandbox enables firms to test innovative products, services or business models in…
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The Financial Conduct Authority (FCA) announces today that it has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) to enhance collaboration in supporting Fintech innovation. Under the agreement, the FCA and the IA will cooperate on information sharing on innovation and referrals of innovative firms seeking to enter the counterpart's market.…
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UK financial regulator Financial Conduct Authority (FCA) announced that will soon be launching a campaign to inform people about the 29 August 2019 deadline to complain about payment protection insurance (PPI). This campaign will complement the regulatory and supervisory work we have done – and will continue to do – around PPI. The consumer campaign…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Clarion Global Group. Clarion Global Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Financial Conduct Authority (FCA) and the FCA Practitioner Panel have today published the findings from their 2017 survey of FCA-regulated firms. The survey gives a view across the financial services sector of the FCA’s performance as a regulator. It provides the opinions of more than 2,000 regulated firms who completed the survey in March…
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