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The Latest Breaking News from FCA

Jes Staley admits having sex with Jeffrey Epstein staff member at paedophile's brother's New York apartment

Ex-Barclays boss said he was introduced to the woman by Jeffrey Epstein, the encounter was consensual and that ‘she was a part of his staff as I recall’

Evening Standard

Timid FCA has retreated too far on its ‘name and shame’ proposals

An uncontentious improvement has been lost for the sake of protecting City competitiveness. No wonder consumer groups are dismayed

The Guardian - UK

Staff at payments watchdog ‘told on Tuesday that organisation will be abolished’

Boss David Geale told MPs he is ‘hugely proud’ of how staff at the Payment Systems Regulator reacted, having been briefed on Tuesday.

Evening Standard

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Ex-Barclays boss Jes Staley admits having sex with member of Jeffrey Epstein staff

Testimony comes during combative day of cross-examination which also highlighted messages involving Prince Andrew

The Guardian - UK

Financial watchdog scraps plan to ‘name and shame’ UK firms under investigation

FCA move follows longstanding pressure against new public interest test for announcing investigations

The Guardian - UK

City watchdogs axe proposals for new diversity and inclusion rules

The Financial Conduct Authority and Prudential Regulation Authority said they have ‘no plans to take the work further’.

The Independent UK

Top City watchdogs drop new diversity and inclusion rules for firms

FCA and Bank of England’s PRA join retreat from efforts to help underrepresented groups, citing ‘regulatory burdens’

The Guardian - UK

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FCA drops plans to routinely ‘name and shame’ firms under investigation

The U-turn follows a widespread backlash after the Financial Conduct Authority announced the plans early last year.

Evening Standard

Peers working for City firms dominate Lords panel scrutinising financial sector

Committee criticised regulator’s proposals to name and shame companies under investigation

The Guardian - UK

Payment systems watchdog to be axed under move to cut ‘stranglehold’ on firms

The Payment Systems Regulator will be disbanded and merged within the Financial Conduct Authority.

Evening Standard

Staley sent client information to Epstein while at JP Morgan, tribunal told

Jes Staley is taking legal action against the Financial Conduct Authority at the Upper Tribunal in London.

Evening Standard

Martin Lewis: 'huge news' for anyone who has bought a car on finance

Martin Lewis has shared huge compensation news for anyone who has bought a car on finance

The National (Scotland)

UK lenders face huge car loan payout bill as watchdog moves closer to compensation plan

Potential FCA scheme could mean banks proactively inform borrowers if they were mis-sold car loans

The Guardian - UK

FCA likely to consult on motor finance redress if widespread failings found

Firms would need to offer ‘appropriate compensation’ if a redress scheme is set up, the Financial Conduct Authority said.

Evening Standard

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The Guardian - UK

Jes Staley tells court that City regulator ‘seeks to destroy’ his reputation over Epstein ties

Ex-Barclays CEO says FCA made ‘no attempt’ to understand his relationship with child sex offender Jeffrey Epstein

Evening Standard

Ex-Barclays boss’ reputation ‘irretrievably damaged’ by City ban, tribunal told

Jes Staley previously said he ‘deeply regrets’ his association with Jeffrey Epstein, whom he described as being ‘professionally fairly close’ to.

The Guardian - UK

Barclays chair did not ask Staley if he was in touch with Epstein before ruling it out to FCA, court hears

Nigel Higgins agrees with lawyer that some of Staley’s ‘affectionate’ emails might seem ‘odd to an Englishman’

Evening Standard

Barclays chairman asked ex-CEO Staley about Epstein links, tribunal told

Nigel Higgins gave evidence at the Upper Tribunal on Monday.

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The Guardian - UK

‘Bloody awful!’: Martin Lewis hits out at crypto scams costing victims dear

Crypto cons top the list of investment frauds, with Elon Musk also among the figures used in fake ads

The Guardian - UK

Andrew Bailey was accused by Barclays chair of having ‘destroyed’ Jes Staley, court hears

Nigel Higgins asked if FCA would drop investigation into Staley’s relationship with Epstein if CEO quit

The Independent UK

Ex-Barclays boss had ‘close relationship’ with paedophile Jeffrey Epstein, according to Bank of England governor

The governor of the Bank of England Andrew Bailey gave evidence about Jes Staley’s relationship with Epstein

Evening Standard

Bank of England head had ‘clear impression’ that Staley was ‘close’ to Epstein

Andrew Bailey, who was chief executive of the Financial Conduct Authority from 2016 to 2020, appeared at the Upper Tribunal in London on Friday.

Evening Standard

Regulator pledges ‘swift action’ to support home ownership

Among the steps it is taking, the Financial Conduct Authority will open a public discussion on the future of the mortgage market in June.

Evening Standard

Vulnerable customers encouraged to seek support from financial services firms

The Financial Conduct Authority has highlighted examples of good practice by firms dealing with vulnerable customers and areas in need of improvement.

The Guardian - UK

Barclays chair told FCA Staley ‘had no particular relationship’ with Epstein, court hears

Nigel Higgins said to have given assurances about CEO days after child sex offender Jeffrey Epstein’s death in 2019

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