FCA

FCA data reveals a worrying drop in new broker authorisations.

The fine relates to a breach that took place in 2017, where hackers were able to access the data of 13.8 million UK consumers.

The test will involve simulating a sequential set of adverse events over a short period of time, the watchdog said.

New data on the FCA's operational performance shows improvements in some aspects, though response rates are still slow on senior appointment casework.

Reforms to the UK listing regime may enhance prospects of an insurance firm opting to IPO in London in future, but several broader problems, including liquidity issues, will also affect such a decision, according to industry sources.

Sean McGovern, chair of the London Market Group, outlined why it is critical for the trade body’s outreach programme to build the market’s talent pipeline and attract data science expertise.

The FCA wants streamline listing rules in the UK to attract a wider range of companies to IPO in London.

The authority will be investing £12.7mn to implement regulatory reforms that will see it focus on economic growth as a secondary objective.

Reliable ESG information is increasingly important, as an estimated $33.9tn of global assets under management will consider ESG factors within three years.

Therese Chambers and Steve Smart will share the role soon to be vacated by Mark Steward.

The regulator has faced criticism over its approval times and operations, and it has since invested in extra staff.

The regulator called the descriptions of data sources used by ratings providers “particularly poor”.