Financial Conduct Authority (FCA)
People: ECB appoints new head of macro-pru
BIS names Innovation Hub directors; Bundesbank sends representative to Madrid; and more
People: FCA chair steps down; Esma chair steps up
UK FCA chairman to depart; Verena Ross to chair Esma; new boards for Ecuador’s central bank
FCA staff seek union help following pay cut proposals
Unite union considers seeking statutory approval to represent staff at the UK regulator
UK’s FCA to invest £120 million in move towards cloud
Chief executive Nikhil Rathi says FCA will be “data and digital first” regulator
UK looks to boost long-term investing
Working group says action needed to encourage illiquid investing without risking instability
FCA bolsters investor protection through new campaign
Regulator will become more “assertive and agile” to responding to investment fraud
FCA mulls removing decision-making powers from senior committee
Decisions regarding firms failing to meet FCA standards would be taken by FCA staff instead
UK’s FCA consults on measures to increase boards’ diversity
Regulator may bring in “comply or explain” rule over diversity on publicly listed firms’ boards
UK public has ‘reasonable’ access to cash, regulators say
But pandemic made it difficult for people to access and pay with cash, new research finds
FCA asked to investigate ‘unwarranted’ bank account freezing
Parliamentary committee concerned AI may have caused ‘inappropriate bias’
FCA to expand UK footprint as part of new strategy
Regulator’s priorities will include climate risk disclosures and financial sector diversity
UK regulators propose new policies to foster diversity
Data and disclosure will be important to assess progress, regulators say
FCA warns against use of ‘credit-sensitive’ rates in place of Libor
Banks should tell the FCA if they plan to use such rates and consider the risks “carefully”
UK and Singapore to co-operate on regulation
Central banks and finance ministries to co-operate on cyber security and climate impact
People: Chile’s central bank appoints new general manager
FCA makes appointments to legal team; Haitian governor to lead financial inclusion initiative
UK committee calls for reform at FCA over ‘mini-bond’ scandal
Treasury Committee says it does not believe Andrew Bailey misled it over his role in the matter
FCA proposes expanding climate-risk disclosure rules
Climate disclosure proposals are first “substantive” policy for asset managers since Brexit
Over 4,000 FCA staff complete mandatory cyber training
FCA spends $26,990 on cyber security course
UK regulators launch plan for less liquid fund structure
Aim is to allow productive investment for the long term while curbing vulnerabilities
Black people in finance face ‘insidious’ racism – FCA official
Sheldon Mills says only 10% of senior figures at UK’s FTSE 100 firms are from ethnic minorities
People: UK’s FCA appoints head of ESG
Burundian senior officials switch roles and senior Vietnamese supervisor is promoted
FCA chief announces launch of fintech ‘nursery’
Rathi also says social media firms should be held accountable for products they advertise
‘Dark trading’ approach shows UK regulators are more ‘nimble’ – FCA
UK regulator has not seen evidence that dark trading harms market participants
FCA to clamp down on firms with low levels of diversity
UK regulator says it will consider how best to use its powers if inclusion and diversity are in question