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UK unveils shake-up of consumer compensation rules as financial scandals rise

The system for handling complaints against banks, insurers and other financial institutions is to be revamped amid growing concerns that the Financial Ombudsman Service...

TV star accused of illegal financial promotions still endorsing cryptoassets 

A reality TV star and social media influencer who was reprimanded for promoting risky investments to his followers is still actively endorsing cryptoasset products.  Scott...

Britain’s financial watchdog launches AI lab

Britain’s financial watchdog is launching an AI lab to bring together tech firms, academics and regulators to better understand the technology’s present and future...

BlackRock UK chair calls domestic regulation ‘enabling’ and environment ‘beneficial’ to do business

At a House of Lords Financial Services Regulation Committee hearing today (9 October), Boss began by "emphasising how important the UK is to us...

Crypto ATM operator pleads guilty to law break in landmark conviction

The operator of a network of illegal crypto ATMs has pleaded guilty in Westminster Magistrates Court in the first UK conviction of its kind. Olumide...

‘Uninsurable’: AI risks discrimination in insurance warns FCA boss

The use of AI to create “hyper-personalised” insurance plans risks leaving consumers “uninsurable” and could increase “discrimination”, warned the chief UK financial watchdog. Speaking at...

Rachel Reeves urges financial regulators to stimulate UK economic growth

Chancellor Rachel Reeves and City minister Tulip Siddiq "are constantly asking regulators, ‘What are you doing in practice to meet that secondary objective?'" of...

UK’s FCA shakes up listing regulations to attract more companies

The move comes as the London Stock Exchange has been struggling for several months to retain...

UK authorities arrest two individuals running illegal £1bn crypto business

The UK Financial Conduct Authorities (FCA), working with the Metropolitan Police Service, has conducted an operation to arrest two individuals, aged 38 and 44,...

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