London’s FTSE 100 is ‘substantially concentrated’ as regulator frets over volatility risk Investing The UK stock market is “substantially more concentrated” than Europe or even the US, analysts have warned, as regulators fret over the clustering of the biggest British stocks on London’s FTSE 100. In a speech earlier this week, Financial Conduct Authority chief executive Nikhil Rathi warned that market concentration was leading to a “sharp rise [...]
City regulator: Concentration poses risk to markets News The boss of the Financial Conduct Authority (FCA) said “herding behaviour” and “market concentration” were posing new risks to the financial markets today as he warned investors to brace for volatility in the long term. Speaking at the regulator’s market conference in Westminster, Nikhil Rathi said excessive daily swings had become a bigger concern to [...]
FCA chief encourages more risk-taking among firms to boost financial inclusion Banking The chief executive of the Financial Conduct Authority has said more risk-taking among firms is needed to push a "step change" in the UK's financial inclusion, which could also boost economic growth.
FCA under pressure to close cases into senior management amid name and shame row September 2, 2024 The City watchdog is under pressure to punish more bosses for flouting its rules after new figures revealed it had closed only half the investigations opened over the past seven years. Under the watchdog’s senior manager’s regime, introduced in 2016 in response to the financial crisis, staff in positions of power at financial services firms [...]
FCA rebrand is pointless – just get on with regulating the City June 27, 2024 Actions speak louder than words, goes the world’s most famous maxim. It’s an ethos to be slapped onto most walks of life. Financial regulation though, it seems, is the exception.The Financial Conduct Authority (FCA) has faced a bruising few months being kicked around the City like a political football – too much red tape, say [...]
Inside Westminster’s war with the FCA May 9, 2024 The relationship between the Financial Conduct Authority and the government has been fractious in recent years. Charlie Conchie takes a look at why Westminster went to war with the regulator
FCA chiefs set for Westminster grilling over ‘name and shame’ plans May 3, 2024 The grilling will be the latest in a series of skirmishes between the regulator and Westminster after Chancellor Jeremy Hunt waded into the debate this week, urging the FCA to “re-look” at the measures.
Lords summon FCA chief over controversial ‘name and shame’ plans May 2, 2024 A group of peers has launched a stinging attack on the boss of the FInancial Conduct Authority today after he “failed” to address concerns over the regulator’s controversial ‘name and shame plans.
FCA defends ‘name and shame’ plans after City backlash April 29, 2024 The Financial Conduct Authority (FCA) has launched a robust defence of its plans to ‘name and shame’ companies under investigation today after a fierce backlash against the proposed changes in recent weeks.
Badenoch accuses FCA of ‘overreach’ with diversity rules April 18, 2024 Kemi Badenoch has accused the Financial Conduct Authority of regulatory “overreach” on diversity and inclusion after the watchdog outlined plans to boost representation in the City.