Experienced financial regulator Ashley Alder, head of Hong Kong’s Securities and Futures Commission, could be the next chief executive of the FCA, according to reports from Sky News.

The FCA said today it would take legal action over business interruption (BI) insurance after concerns some insurers were failing to pay out or dragging their feet on claims.

Key regulators and the government-backed advice body The Money and Pensions Service (MAPS)have today urged savers to keep calm and avoid panicky pension changes.

The Financial Conduct Authority has today launched a review of how data and advanced analytics are being used in wholesale financial markets.