This half-year update provides an overview of recent enforcement activity by the Financial Conduct Authority (“FCA”) in the period from January to June 2022.
It has been a fairly busy first half of the year, with enforcement outcomes reached in a number of high-profile and important cases across the spectrum of FCA enforcement activity. Those…
As the cost of living continues to rise, and subsequent demand for credit increases, the FCA has been clear with lenders as to its expectations for their treatment of customers. Indeed, with inflation predicated to reach 14%, consumers will see a significant reduction in disposable income and many may experience financial vulnerability for the…
As reported by The Guardian the CBI has stated an allegation was raised in January 2023 which was investigated and it was found that it did not warrant a disciplinary process.
Further allegations were then raised on 2 March which are currently being investigated. Given no findings have yet been made nor any disciplinary process initiated,…
For the fourth year the FCA has published research on the changing relationship between consumers and cryptoassets. In spite of the pandemic, the strong upward trend in public engagement and media coverage has continued, with the FCA estimating 2.3 million adults now hold cryptoassets.
News of this growth is however countered by the FCA’s finding…
Global financial markets are preparing to transition away from the use of the London Interbank Offered Rate (“LIBOR”) and adopt an appropriate alternative risk free rate (“RFR”) by the end of 2021, and banks and borrowers alike will need to ensure they are ready for the switch.
This blog provides a short summary of the…
