Regulatory reform costs of the former regulator, the Financial Services Authority (FSA) more than doubled in the last year of its operation and could in future be levied on firms, the FSA annual report has revealed today.
Staff costs at the regulator were £15.4m higher than budgeted for following its decision to make a one-off contribution of £22m to reduce its defined benefit pension scheme deficit.
Financial Conduct Authority chief executive Martin Wheatley received a remuneration package of £650,000 last year, it has been revealed.
The Financial Conduct Authority (FCA) wants to be seen to be acting tough on risky products following the crash of the financial services industry, leaving insurers with the acute need to regain public trust, the Association of British Insurers (ABI)...
The Financial Conduct Authority (FCA) is going in the right direction to becoming a "genuinely different" regulator and will put greater emphasis on competition, its chief executive Martin Wheatley has said.
The Association of Professional Financial Advisers (APFA) has warned the regulator that consumers will be disadvantaged if the trend of shrinking adviser numbers is not reversed.
Seven Investment Management (7IM) will introduce a platform fee for its funds by April 2014, in anticipation of a Financial Conduct Authority (FCA) ban on cross subsidies.
Borrowers hit by the Bank of Ireland (BoI) rate rise could take legal action against the intermediary who sold them the mortgage, according to the Financial Conduct Authority (FCA).
The Association of Professional Financial Advisers (APFA) has said it fears innocent advisers would be disadvantaged and their names not cleared sufficiently under new proposals by the Financial Conduct Authority (FCA) about publishing warning notices....
Respect MP George Galloway's early day motion (EDM) to fight for full compensation for Arch Cru investors has gained 25 signatures so far.