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Topic

Financial Conduct Authority

UK regulator censures Premier FX for 'seriously misleading' customers

UK regulator censures Premier FX for 'seriously misleading' customers

Published 25 Feb, 2021 07:03pm
  • The Financial Conduct Authority (FCA) said it would have imposed a substantial fine on the company if it had not already been in liquidation or owed its 136 creditors - most of which are consumers - roughly 9.2 million pounds ($13 million).
  • We may never understand Peter Rexstrew's motivation for operating Premier FX in this way, using new customers' funds to pay existing customers or business expenses.
Don't ignore ‘lockdown fatigue’, UK watchdog tells finance bosses

Don't ignore ‘lockdown fatigue’, UK watchdog tells finance bosses

Published 22 Feb, 2021 06:44pm
  • Many staff at financial companies have been working from home since Britain went into its first lockdown in March last year to fight the COVID-19 pandemic.
  • During this third lockdown, there has been a greater impact on mental well-being, with many people struggling with job security, caring responsibilities, home schooling, bereavements and lockdown fatigue.
Ex-Goldman Sachs analyst, brother charged in UK with insider trading

Ex-Goldman Sachs analyst, brother charged in UK with insider trading

Published 16 Feb, 2021 05:25pm
  • Mohammed Zina was employed by Goldman Sachs International as an analyst in the Conflicts Resolution Group in their London office. Suhail Zina was a solicitor at Clifford Chance, also in London.
  • Goldman Sachs said the protection of confidential client information is of paramount importance for the bank, and it has worked very closely with the FCA.
British banks told to pause branch closures

British banks told to pause branch closures

Published 28 Jan, 2021 07:04pm
  • Some banks and building societies have informed us that they are either going ahead with branch closures already announced, or announcing new branch closures during the current lockdown.
  • We are concerned that these activities could have significant consequences for customers.
End-game for Libor is now clear, say UK financial regulators

End-game for Libor is now clear, say UK financial regulators

Published 11 Jan, 2021 06:42pm
  • Firms should have everything they need to shift new financial contracts to SONIA, the BoE overnight interest rate.
  • Regulators want the use of Libor ended after banks were fined for trying to rig what was once dubbed the world's most important number.
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