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FCA work in review: April 7-13, 2025
Our at-a-glance guide to a busy week of FCA activity.
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Santander UK customers lose £18m to scammers in first quarter of 2025
The figures show a 13% decrease from the previous quarter in amount stolen, but the bank has warned customers about emerging trends.
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FCA proposes new rules for investment managers to support growth
The announcement comes after continued government pressure to cut regulation and support growth.
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PRA proposes increases to depositor compensation limits
Headline deposit guarantee to be increased to £110,000 ($141,900) and temporary high balance claims to £1.4m ($1.81m).
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Major UK banks had 803 hours of outages in the last two years
While deeply concerned about affected customers, the UK Treasury Committee was measured in its criticism, expressing gratitude to the banks compensating customers.
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Stockholm FinTech Week 2025: Open finance – gateway to opportunity or Pandora’s box?
The thought-provoking session was made even more interesting by a bombshell disclosure about the withdrawal of EU FiDA.
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Stockholm FinTech Week 2025: Using AI and innovation to combat a fast-changing threat landscape
Beju Shah, head of Nordics at the BIS, gave a keynote speech.
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Canadian banks withdraw from UN-backed climate initiative, will Europe follow?
European banks are reported to be reconsidering their alliance with the Net Zero Banking Alliance as President Trump rescinds ESG Executive Orders and Memoranda.