The Latest Breaking News from FCA

Insurers told to stop shortchanging UK drivers by undervaluing write-offs

City watchdog says firms have broken rules as consumers grapple with cost of living crisis

The Guardian - UK · Dec 2, 2022

Insurers warned they must offer fair settlements when cars are written off

The Financial Conduct Authority has seen evidence some people are being offered a price lower than the vehicle’s fair market value.

The Independent UK · Dec 2, 2022

The “gamification” of the stock market -- why watchdogs are worried

The City regulator is worried about the “gamification” of the stock market. What does that mean?

Evening Standard · Dec 1, 2022

Elephants in the sustainable funds room -- why green funds fail

City Voices: Neither the fund industry nor the regulator is fit for purpose

Evening Standard · Nov 25, 2022

Dr Martens can’t complain about getting a kicking from investors

Share plunge may look like an overreaction but profits are forecast to fall and the boot maker was clearly overpriced at IPO

The Guardian - UK · Nov 24, 2022

MP breached ethics code over Russian pal's £150k loan for his mortgage deposit

David Warburton took a £150,000 loan to help fund a buy-to-let mortgage from a Seychelles-based firm belonging to Roman Joukovski. He will not face punishment after he apologised

Daily Mirror · Nov 21, 2022

MP apologises after failing to declare £150k loan from Russian-born businessman

Standards watchdog finds David Warburton twice breached the MPs’ code of conduct but did not engage in paid advocacy.

The Independent UK · Nov 21, 2022

What the FTX downfall can teach us about crypto regulation

City comment: Far from quashing innovation, crypto regulation will set essential ground rules and protections for market participants

Evening Standard · Nov 21, 2022

No formal sanction for Tory MP who broke rules on declaring interests

Standards commissioner finds David Warburton violated code of conduct twice but accepted his agreement to rectify the breaches

The Guardian - UK · Nov 21, 2022

Game-like design features in stock trading apps should be reviewed, says FCA

Some product design features could be contributing to problematic, even gambling-like, investor behaviour, the regulator said.

The Independent UK · Nov 21, 2022