A culture of risk aversion among financial regulators undermines financial firms’ competitiveness and growth, the Financial Services Regulation Committee said.

Cambrian Associates Ltd (FRN 158976), an adviser firm based in North Wales, has gone into administration 51 years after being set up.

Some financial advice firms are not adequately collecting and recording client information when offering retirement income advice, according to the FCA.

Sarah Pritchard, FCA executive director for supervision, policy and competition, has been promoted to be deputy chief executive. 

The FCA has revealed the final rules for the new type of private stock market where shares in private companies can be traded, which will be launched later this year.

The FCA has proposed remove further unnecessary data reporting, that it said will benefit nearly all firms.

The FCA will allow finance firms to experiment with AI using computing and software from major US chipmaker Nvidia.

Today the FCA announced it was spearheading a global crackdown on rogue social media influencers. About time many will say.

The FCA plans to lift its four year ban on offering high-risk crypto exchange traded notes (cETNs) to retail investors.

A global crackdown on rogue 'finfluencers' (social media influencers) has been launched this week by nine regulators and is being spearheaded by the UK's Financial Conduct Authority.

The FCA has issued a public apology for delays in its investigation into peer-to-peer lending firm FundingSecure, its second apology issued in two weeks.

The FCA has this week stripped permission to carry out regulated business from a London Docklands-based financial adviser called Wise Decisions Ltd (FRN 832056).

The FCA has today confirmed that it will only partially axe its 'name and shame' proposals for firms under investigation.

The FCA has appointed former Work and Pensions Minister Chris Pond as chair of its Financial Services Consumer Panel.

Wealth manager trade body PIMFA has warned that the FCA’s intention to improve consumer outcomes and promote transparency on Consumer Composite Investments (CCIs) could do the opposite.

The FCA is to launch a sweeping review of 11,000 requirements and limitations covering 9,000 regulated firms.

The FCA has publicly apologised to clients of two failed mini-bond firms for the way it dealt with their complaints about the firms and will pay compensation.

The FCA has halted regulated business at Manchester-based life insurance distributor Compared Life Ltd (FRN 815068).

The FCA has imposed sweeping restrictions on app-based London wealth management firm Strowz Ltd (FRN 792373) in response to “significant concerns” about the firm and its handling of client money.

The FCA has turned down an application to annul its decision to halt regulated business at Hull-based claims management firm (CMC) Prestige Legal Ltd (FRN 915619).