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1 week ago | 
mlex.com | Phoebe Seers |Martin Coyle
By Phoebe Seers and Martin Coyle ( June 17, 2025, 09:00 GMT | Insight) -- Two former Metro Bank senior executives have seen financial penalties imposed by the UK financial markets watchdog over misleading public statements published by the bank reduced by an appeal tribunal.
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2 weeks ago | 
mlex.com | Phoebe Seers |Sofia Gerace
By Phoebe Seers and Sofia Gerace ( June 10, 2025, 13:26 GMT | Insight) -- Powers to force tech platforms to act over scam promotions would be "beneficial," the head of the UK’s financial markets watchdog told lawmakers today, amid concerns that some, such as Meta Platforms, are failing to monitor fraudulent content and promptly respond to takedown requests. But Nikhil Rathi said the issue had been “actively debated” and he wouldn't seek to reopen it.
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3 weeks ago | 
mlex.com | Phoebe Seers
By Phoebe Seers ( June 5, 2025, 13:38 GMT | Comment) -- Banks and payments firms could see a UK move to further toughen defenses against Authorized Push Payment fraud, a senior regulator said, possibly including expanded "confirmation of payee" functionality to include payment transaction data.
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3 weeks ago | 
mlex.com | Phoebe Seers
By Phoebe Seers ( June 3, 2025, 11:00 GMT | Insight) -- The UK’s financial markets watchdog has announced it will start disclosing its investigations into unregulated firms, or suspected unauthorized activity, as part of three key revisions to the information it provides the public on its investigatory work.
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3 weeks ago | 
mlex.com | Phoebe Seers
By Phoebe Seers ( June 2, 2025, 13:02 GMT | Insight) -- Cryptoasset businesses are unlikely to see a second consultation on secondary legislation that would pave the way for the sector to be regulated.
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1 month ago | 
mlex.com | Phoebe Seers
By Phoebe Seers ( May 20, 2025, 13:40 GMT | Insight) -- The UK has ridden out recent global financial shocks thanks in part to its ring-fencing regime, Barclays CEO Vim Maru said today as he cautioned lawmakers against repealing one of the more significant regulatory burdens that lenders face.
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1 month ago | 
mlex.com | Phoebe Seers |Patrícia Figueiredo
By Phoebe Seers and Patricia Figueiredo ( May 15, 2025, 16:30 GMT | Insight) -- Meta Platforms and other tech giants looking ahead to UK guidance on preventing fraudulent advertising online have a mixed message after the regulator responsible today refused to recognize the tight delivery timeline of this summer that was described by a minister in Parliament yesterday.
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1 month ago | 
mlex.com | Phoebe Seers
By Phoebe Seers ( May 15, 2025, 11:33 GMT | Insight) -- The UK's planned new stock exchange for private companies will be up and running with shares traded before the end of the year, the government said as it bids to revive flagging capital markets under its priority to nurture economic growth. Legislation to establish the Private Intermittent Securities and Capital Exchange System sandbox was introduced into Parliament today.
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1 month ago | 
mlex.com | Phoebe Seers
By Phoebe Seers ( May 13, 2025, 23:02 GMT | Insight) -- Large commercial insurers could see a significant reduction in red tape in the UK under proposals rolled out by the Financial Conduct Authority today. The regulator has proposed removing detailed regulatory protections from around 45,000 larger commercial insurance customers, easing the burden on insurers while maintaining protections for smaller customers.
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1 month ago | 
mlex.com | Phoebe Seers
By Phoebe Seers ( May 13, 2025, 14:20 GMT | Comment) -- A voluntary pledge outlined today by 17 major pension providers to allocate more funds to UK companies lands shortly before a major review of pensions investments that could mandate such an approach.
