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What makes a good fair value assessment?
"Fair value is rapidly becoming the litmus test for how well firms understand their customers and the outcomes they deliver." Jason Wassell provides lessons from the first two years of the Consumer Duty.
Online Published Date:
05 June 2025
Appeared in issue:
Vol 37 No 9 - 01 June 2025
Consumer protection in view as cryptoasset activities brought into scope
As the Financial Conduct Authority progresses along its Crypto Roadmap, it has set out its approach to regulating cryptoasset trading platforms, intermediaries, cryptoasset lending and borrowing, staking and decentralised finance, along with the use of credit to purchase cryptoassets. Clear regulation and appropriate consumer protection will support long-term confidence in the sector, writes Ülkü Doğan.
Online Published Date:
05 June 2025
Appeared in issue:
Vol 37 No 9 - 01 June 2025
Investment firms to benefit from rule-stripping agenda
In the wake of President Donald Trump's assault on "the regulatory onslaught", HM Government is following his lead. Its efforts, though less drastic, are similarly built on a desire to boost national income by pruning red-tape burdens for businesses. Chris Hamblin reports on consultations in progress in the financial services space.
Online Published Date:
05 June 2025
Appeared in issue:
Vol 37 No 9 - 01 June 2025
FCA makes finfluencer arrests in week of global action
The regulator has arrested three people, authorised criminal proceedings against three others and carried out further enforcement action during the first week of June - which is also a "global week of action against unlawful finfluencers".
Online Published Date:
06 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Revisiting MCOB, amid mortgage market shake-up
On the heels of last month's Mortgage Rule Review consultation to simplify the current framework, the regulator will launch a "public discussion" on the future of the mortgage market. In the first of two articles, Adam Samuel reviews the Mortgage Conduct of Business sourcebook.
Online Published Date:
06 June 2025
Appeared in issue:
Vol 37 No 9 - 01 June 2025
Firms' processes for vulnerable customers lacking
Despite the Consumer Duty and the regulator's regular publications on fair treatment of vulnerable customers, they continue to receive more detrimental outcomes in their dealings with financial services firms. Denis O'Connor discusses a recent FCA review that outlines good and poor practices.
Online Published Date:
06 June 2025
Appeared in issue:
Vol 37 No 9 - 01 June 2025
Our survey says... a guide to cyber resilience in the financial sector
As one of the most targeted industries, cybersecurity remains a growing risk for financial services. How can we respond to the risks posed by cyber incidents? Charlotte Witherington and Daniel Hirschfield explore the key lessons for central banks, regulators and policymakers from two cybersecurity surveys of the International Monetary Fund.
Online Published Date:
06 June 2025
Appeared in issue:
Vol 37 No 9 - 01 June 2025
Our survey says... a guide to cyber resilience in the financial sector
As one of the most targeted industries, cybersecurity remains a growing risk for financial services. How can we respond to the risks posed by cyber incidents? Charlotte Witherington and Daniel Hirschfield explore the key lessons for central banks, regulators and policymakers from two cybersecurity surveys of the International Monetary Fund.
Online Published Date:
06 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
FCA looks to lift ban on crypto ETNs for the retail market
Retail investors will be able to invest in crypto exchange-traded notes (cETNs) if, as looks likely, a consultation has enough support to end the current ban on selling cETNs to them.
Online Published Date:
06 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Applications for Supercharged Sandbox open to firms in early AI testing
Firms will be able to receive indicators of the feasibility of products and services using AI - "early-stage" Proof of Concepts - from October, using a pathway negotiated between the FCA and the California-based AI company Nvidia.
Online Published Date:
09 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Tribunal trims fines 25% on upheld decision against Metro Bank directors
Fines imposed by the FCA on two Metro Bank directors who were "knowingly concerned in a breach of the Listing Rules" have been cut 25 per cent by the Upper Tribunal.
Online Published Date:
16 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Convicted Janus Henderson trader was tracked by FCA market monitoring
A former Janus Henderson research analyst is to be sentenced in July after being found guilty, alongside his sister, of insider dealing and money laundering offences by a jury at Southwark Crown Court. The suspicious trades were detected by the FCA's market monitoring systems.
Online Published Date:
20 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Tribunal rebuffs Jes Staley's challenge against ban but grants fine reduction
Jes Staley, the former Barclays CEO, has failed in all his arguments to overturn an FCA ban after an appeal saw all his lawyers' representations rejected by the Upper Tribunal. He was successful, however, in having his £1.8 million fine cut by £700,000 to reflect the fact that he had been denied a similar sum by Barclays in deferred shares.
Online Published Date:
26 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
'Targeted support' rules likely by year-end
New FCA rules are due to be finalised by the end of the year letting firms offer "a new category of help" on pensions and investments to cohorts of consumers.
Online Published Date:
30 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025