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Editor’s Comment: A duty to be profitable

The FCA will change the regulatory landscape on Monday (31 July) when the new Consumer Duty arrives.

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Regulators to drop £10,000 complaints claim limit

The FCA, PRA and Bank of England are to remove the £10,000 limit on compensation payments related to complaints about the regulators due to be implemented from 1 November.

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Editor’s Comment: Weeding out the rotters

One thing that has always disappointed me about financial regulation is how many rotters are allowed to get involved in financial services in the first place.

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FCA halts 30% more firms over past year

 

The Financial Conduct Authority has halted business at 627 regulated firms in the past year to prevent consumer harm - 30% more than the previous year, according to its annual report and accounts

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