As announced April last year, the Financial Contract Authority (FCA) and the Prudential Regulation Authority (PRA) have been conducting investigations into Jes Staley, Group Chief Executive Officer of Barclays, and Barclays Bank PLC (LON:BARC) in relation to an attempt by Mr Staley in 2016 to identify the author of an anonymous letter. The FCA and…
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The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) today announce the appointment of Marshall Bailey as Chair of the Financial Services Compensation Scheme Ltd (FSCS) with effect from 1 April 2018. The appointment was made by the FCA Board and the Prudential Regulation Committee (PRC) with the approval of HM Treasury. Marshall…
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Barclays PLC and Barclays Bank PLC (LON:BARC) just announced that the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have commenced investigations into: Jes Staley, Group Chief Executive Officer of Barclays, as to his individual conduct and senior manager responsibilities relating to Barclays whistleblowing programme and an attempt by Mr Staley in 2016 to…
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The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have just published final changes in a Policy Statement (PS) aimed at strengthening the transparency and effectiveness of their enforcement decision-making processes. The consultation and policy recommendations covered the full lifecycle of an investigation. The FCA and PRA have made, or are making, changes…
Read moreAndrew Bailey, the Chief Executive Officer of the UK Prudential Regulation Authority, will take the helm of the Financial Conduct Authority (FCA). HM Treasury have today announced his appointment as the new CEO of the FCA. Mr Bailey will assume his new role once his successor at the Prudential Regulation Authority (PRA) has been found.…
Read moreThe UK breaks the FSA into two parts – the FCA, and the PRA. The UK's Financial Services Act 2012 goes into effect today, (technically yesterday, April 1 2013, but it was the Easter Monday bank holiday in the UK), whereby the UK's financial regulator the FSA is being broken into two parts -- the FCA,…
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