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Retail FX

FCA Announces Joint Executive Directors for Enforcement and Market Oversight

Chambers and Smart will replace Steward.
Smart joins from the NCA, and Chambers has many years of experience from the FCA.

Thursday, 23/03/2023 | 12:31 GMT by Damian Chmiel

Institutional FX

90% of Market Participants See Elevated Risk in Moving to T+1 Settlements

The US decided to move from T+2 to T+1 settlements in May 2023.
According to the UK's market players, it may increase the risk of trade failures and penalties.

Thursday, 23/03/2023 | 09:06 GMT by Damian Chmiel

Institutional FX

UK's Silicon Valley Bank Sold for Just One Pound to HSBC

After SVB collapsed in the US, HSBC acquired the British part of the business.
SVB UK remains authorized by the PRA and the FCA.

Monday, 13/03/2023 | 08:54 GMT by Damian Chmiel

Retail FX

FCA to Collect Up to £250k Economic Crime Levy, including Crypto Firms

The amount of the fee will depend on the company's revenue.
The smallest entities under the £10.2 million UK revenue are excluded.

Thursday, 09/03/2023 | 10:47 GMT by Damian Chmiel

Retail FX

FCA Consults on Asset Management Regulation Update

The FCA continues its three-year strategy of enhancing the local financial industry.
The UK's AM market is the second biggest in the world after the United States.

Monday, 20/02/2023 | 10:05 GMT by Damian Chmiel

Retail FX

FCA Wants to Recover Money from Argento Wealth

The FCA commenced High Court proceedings against AWL.
AWL is not, and never has been, an FCA-authorised firm.

Tuesday, 07/02/2023 | 13:09 GMT by Damian Chmiel

Executives

FCA Appoints Aidene Walsh as PSR Chair

She served as an interim Chair and has been connected with the entity since 2020.
Walsh simultaneously joins the FCA Board.

Wednesday, 01/02/2023 | 12:07 GMT by Damian Chmiel

CryptoCurrency

UK Moves to Regulate Crypto for Better Consumer Protection

A public consultation was launched on 1 February and will run until 30 April.
The treasury will then prepare a draft bill, which the FCA will consult on with the industry.

Wednesday, 01/02/2023 | 10:48 GMT by Damian Chmiel

FinTech

Fintech Funding Falls 30% Worldwide to $95b

In the UK, the slump was less painful, with an 8% decrease.
Publicly-listed fintech companies fared worse than tech and finance firms.

Monday, 09/01/2023 | 11:50 GMT by Damian Chmiel

Retail FX

SmartTrade Technologies UK Limited Stays Pofitable Despite Challenging FY22

It closed the year with a net profit of £206,885.
SmartTrade Technologies UK Limited is the UK subsidiary

Thursday, 15/12/2022 | 10:39 GMT by Arnab Shome

Retail FX

FCA Sees Rising Costs of Compensation Scheme, Looks for Improvements

FSCS's increasing costs have begun to worry financial industry representatives.
The UK regulator makes another step in the compensation framework upgrade.

Wednesday, 14/12/2022 | 13:06 GMT by Damian Chmiel

Retail FX

FCA Warns Brokers against CFDs 'Poor Practices'

80% of retail traders are losing money when investing in CFDs.
Some CFD providers are still using practices the FCA disagrees with.

Thursday, 01/12/2022 | 12:31 GMT by Damian Chmiel

CryptoCurrency

Cryptocurrency Fraud in UK Rises by 32% to $270m

With high inflation and a deepening recession, customers are more vulnerable to scams.
The local police seized hundreds of millions of pounds in cryptocurrencies.

Monday, 28/11/2022 | 11:08 GMT by Damian Chmiel

Retail FX

How Big Tech May Impact Financial Industry Competiton? FCA Wants to Know

The FCA is waiting for views on possible harm and benefits from Big Tech companies.
Responses can be provided by 15 January, 2023.

Tuesday, 25/10/2022 | 16:01 GMT by Damian Chmiel

Retail FX

FCA Stops 16 Suspected CFDs Providers

The regulatory watchdog states that its action saved consumers £100 million a year.
Overall, the FCA has stopped 33 consumer investment firms.

Tuesday, 18/10/2022 | 11:55 GMT by Damian Chmiel

Retail FX

Queen Elizabeth Passes Away at Age 96

The Queen has passed away after a 70 year reign.

Thursday, 08/09/2022 | 17:45 GMT by Finance Magnates Staff

Thought Leaders

Spread Betting - A Way to Trade the Markets in the UK

Spread betting enables traders to speculate on an asset’s price trajectory.

Thursday, 08/09/2022 | 14:07 GMT by FM

Brokers

8 Best Forex Brokers in the UK

Read an in-depth review of the top UK forex brokers.

Tuesday, 06/09/2022 | 09:50 GMT by Finance Magnates Staff

Regulation

Liz Truss Elected as UK's Next Prime Minister

The race has officially been called after Ms Truss won 57.4% of votes from Conservatives.

Monday, 05/09/2022 | 12:56 GMT by Finance Magnates Staff

Payments

Best Payments Networking Events in UK

London has emerged as one of the best cities for payments events in recent years.

Tuesday, 16/08/2022 | 14:53 GMT by Finance Magnates Staff

Brokers

AT Global Markets UK Sees a Jump in Gross Profit for 2021

Gross profit for the year ended 31 October 2021 came in at £2,448,777.
Turnover dropped by almost 3% compared to the previous year.

Thursday, 04/08/2022 | 09:16 GMT by Bilal Jafar

Retail FX

Vantage Introduces Copy Trading App to Traders in the UK

The broker wants to make trading accessible to 'young and ambitious traders'.
Vantage rebranded from Vantage FX in 2021.

Friday, 22/07/2022 | 13:54 GMT by Solomon Oladipupo

News

UK Outlines Plan for BNPL Regulation

Under the newly announced plans, lenders will be required to carry out affordability checks.
The popularity of BNPL services has increased significantly in the UK in the last few years.

Monday, 20/06/2022 | 11:43 GMT by Bilal Jafar

Brokers

City Index Introduces New Performance Analytics Function for UK Traders

The company has announced the launch of its new brand.
City Index aims to facilitate its clients through a real-time performance analytics feature.

Monday, 13/06/2022 | 10:46 GMT by Bilal Jafar

Retail FX

Financial Conduct Authority Plans Reform of Listing Regime

According to the authority, the initiative will boost growth and competitiveness.
In 2021, a total of £16.9 billion was raised in the UK through IPOs.

Thursday, 26/05/2022 | 07:35 GMT by Bilal Jafar

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