By Kyle Brasseur2024-04-24T15:05:00
The U.K. Financial Conduct Authority (FCA) reemphasized its desire to work with Big Tech firms to examine how their data might be useful to the financial industry.
The initiative, discussed in a speech delivered by FCA Chief Executive Nikhil Rathi on Monday, follows a call for input the agency published in November seeking information on whether data asymmetry between Big Tech and finance could influence how effectively competition evolves in financial services markets.
Rathi said respondents to the call did not identify immediate harms from data asymmetry but noted more access to data from Big Tech could have significant value.
2024-07-30T19:11:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority is asking for input on which of its existing rules for financial services overlap with the year-old consumer duty rule, with an eye toward streamlining and simplifying both rule packages.
2024-07-18T20:39:00Z By Aaron Nicodemus
The U.K.’s Financial Conduct Authority asked banks and financial institutions “to do more” to ensure that U.K lawmakers and their families are not treated unfairly.
2024-07-17T17:53:00Z By Ruth Prickett
The U.K. Financial Conduct Authority is revamping the London Stock Exchange rules, but more changes may be needed to achieve growth and attract initial public offers, experts said.
2025-07-09T19:15:00Z By Ruth Prickett
Will “taking an axe to” red tape and onerous reporting commitments free up trillions invested in U.K. pensions and increase the value of assets managed by regulated financial services firms?
2025-07-08T15:43:00Z By Oscar Gonzalez
The U.S. Department of Labor (DOL) appears to be in the process of deregulating work rules. Some of the changes proposed would result in a reduction of pay for certain health workers and allow minors to work hazardous jobs.
2025-07-07T17:15:00Z By Oscar Gonzalez
SEC Chair Paul Atkins pointed to the growth of tokenized shares as a key development reshaping private markets, suggesting the agency is preparing to update its rules to keep pace with new forms of digital asset trading and settlement.
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