The deal is designed to promote cross-border fintech innovation as well as the sharing of knowledge
The proposals aim to improve standards across the sector and ensure consumers are appropriately protected
Financial regulators in the U.K. report that almost a third of seniors aged 75 and over believe they’ve been the targets of investment scams
The U.K. regulator is proposing reforms designed to improve competition in the market, including a stronger duty on asset managers to act in the best interests of investors
Testing will begin shortly, U.K. regulator says
FCA will work with the industry to develop standards for underwriting league tables
The agreement covers 20 firms registered with in the U.S. as swap dealers, along with the other sorts of firms
The reduction in the total number of client complaints is encouraging, FCA says
The complaint asks U.K. regulators to investigate the scale of bank-transfer fraud, to propose new measures to protect consumers
But regulators are nonetheless concerned that big data may make it harder for some clients to obtain or pay for insurance