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Santander UK to contact more than 270,000 borrowers after raising cap on mortgage standard variable rate in 2008 without being clear
The Financial Conduct Authority (FCA) has reached an agreement with Santander UK plc (Santander) that will see it contact over 270,000 mortgage customers about unclear information it gave before increasing the cap on its mortgage standard variable -
FCA publishes its approach to regulatory failure
The Financial Conduct Authority (FCA) has today published its approach to investigating and reporting on regulatory failure, as required by the Financial Services Act 2012 (the Act). The Act requires the FCA to publish a statement of policy setting -
FCA bans and censures managing director of SIPP operator Montpelier Pension Administration Services Limited
The FCA has banned Kevin Wells, the managing director of Montpelier Pension Administration Services Limited (MPAS), from performing any significant influence function at any regulated firm, and also censured him. -
IOSCO proposes Principles for Financial Benchmarks
The International Organization of Securities Commissions (IOSCO) Task Force on Financial Market Benchmarks (the Task Force), which the Financial Conduct Authority (FCA) chief executive Martin Wheatley co-chairs, has published its proposed Principles -
FCA charges eight men in relation to land banking
Eight men have been charged by the FCA with conspiracy to defraud contrary to common law and criminal offences relating to the carrying out of a regulated activity without authorisation or exemption -
FCA publishes complaints data for the second half of 2012
We have published the latest complaints data showing complaints to financial services firms between July and December 2012. -
FCA publishes occasional papers on behavioural economics exploring how people make financial decisions
The Financial Conduct Authority (FCA) has published two occasional papers on behavioural economics to explore how people make financial decisions. -
FCA investigation of Royal Bank of Scotland (RBS) IT failures
The Financial Conduct Authority has started to conduct an enforcement investigation into the IT failures at RBS which affected the bank’s customers in June and July 2012. The FCA will reach its conclusions in due course and will decide whether or -
FCA publishes its Annual Funding Requirement for 2013/14
The Financial Conduct Authority (FCA) has announced its Annual Funding Requirement (AFR) for 2013/14. On 1 April 2013 the FCA and the Prudential Regulation Authority (PRA) replaced the Financial Services Authority (FSA). The Bank of England has -
Financial Conduct Authority Board members confirmed
HM Treasury today named the members of the Financial Conduct Authority (FCA) Board. The Board will be effective from 1 April 2013 when the FCA begins operating.