FCA

The Financial Conduct Authority (FCA) is urging thousands of small firms affected by the interest rate swaps mis-selling scandal to hurry up with their compensation claims or risk missing out on money due to them.

QUICK QUIZ

Banks' redress payments to customers embroiled in the interest rate swap mis-selling scandal surged to £158.6m in December, putting most banks on track to reach their projected review targets.

The Financial Conduct Authority (FCA) has warned investors of a new boiler room scam operating under the same name as authorised firm LBV Asset Management.

Calls to the Financial Conduct Authority's (FCA) whistleblower hotline to report malpractice are continuing to rise, according to figures obtained by investigations firm Kroll.

National IFA firm Foster Denovo has appointed former Financial Conduct Authority (FCA) supervisor Jane McTigue as compliance and risk director.

Treasury committee chairman Andrew Tyrie has called on the regulator to scrap the "fundamentally flawed" approved persons regime for advisers and instead align the sector with the new standards being brought in for the banking industry.

The Association of Professional Financial Advisers (APFA) has called on the regulator to adjust next year's fees for advisers to "correct the error that occurred" in the previous year.

MOVERS & SHAKERS

Harlequin Property's flagship resort Buccament Bay has been hit by violent flooding after torrential rain fall in St. Vincent over the Christmas period which left one resort staff member dead.