Consumer Duty
Is Consumer Duty the Next Flashpoint Between the FCA and CFD Brokers?
- Paul Golden dives into rule Britannia this week, as the UK’s financial regulator takes aim at CFD brokers failing to meet their consumer-protection duties.
- He also explains why the chancellor of the exchequer will have her work cut out to persuade more Brits to invest in the stock market and why the Scots may be raising a kilt.
Thursday, 20/11/2025 | 14:30 GMT by
Paul Golden
Consumer Duty Fulfilled – If You Ask the FCA
- Paul Golden notes that while the FCA is quick to applaud itself with banks' praise for the Consumer Duty, many UK brokers cite the same rules as one of the reasons they’re exiting the market.
- He also delved into Europe's aim to move towards a T+1 settlement system and its ambition for a digital euro.
Wednesday, 18/06/2025 | 10:59 GMT by
Paul Golden
FCA's Consumer Duty Adds Costs, Making London the Most Demanding Market for Retail Firms
- More than a year after its implementation, the new rules increased compliance costs by 25% in some cases.
- However, the regulator lacks a broker monitoring system, making it hard to track if firms move to less regulated markets.
Thursday, 19/12/2024 | 08:46 GMT by
Paul Golden
'Double Dipping': FCA Wants Investment Platform to Cease the Controversial Practice
- Many investment firms retain interest in customers' cash balances and charge fees for cash management.
- UK firms have until 29 February to address the issues raised by the FCA.
Tuesday, 12/12/2023 | 08:20 GMT by
Arnab Shome
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