Diversified Financial Services
Company Overview of The Financial Conduct Authority
The Financial Conduct Authority is a government organization that regulates the financial services industry in the United Kingdom. The company supervises the conduct of approximately 50,000 firms, as well as regulates the prudential standards of those firms not covered by the Prudential Regulation Authority. It also works with firms to fight financial crime and unfair contract terms, as well as to facilitate them to protect themselves against criminal activities. In addition, the company regulates financial services providers to ensure consumers are offered with appropriate products for their personal circumstances; and sets standards for financial advisers to provide unbiased advice on a ra...
25 The North Colonnade
London, E14 5HS
Founded in 1985
Key Executives for The Financial Conduct Authority
Chief Executive, Director and Member of Nominations Committee
Director of Finance & Operations
Chief Executive of Consumer Financial Education Body
Divisional Head of Retail Markets and Director of Prudential Standards Division
Compensation as of Fiscal Year 2016.
The Financial Conduct Authority Key Developments
The Financial Conduct Authority Imposes Penalties on Sonali Bank (UK) and its Former Money-Laundering Reporting Officer
Oct 14 16
The Financial Conduct Authority (FCA) has fined Sonali Bank (UK) (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days. It has also fined the bank's former money-laundering reporting officer (MLRO), Steven Smith, £17,900 and prohibited him from performing the MLRO or compliance oversight functions at regulated firms. Despite having previously received clear warnings about serious weaknesses in its AML controls, SBUK failed to maintain adequate AML systems between August 20, 2010, and July 21, 2014. The FCA found serious and systemic weaknesses affected almost all levels of its AML control and governance structure, including its senior management team, its money laundering reporting function, the oversight of its branches and its AML policies and procedures. Both SBUK and Mr. Smith agreed to settle at an early stage and therefore qualified for a 30% (stage 1) discount.
The Financial Conduct Authority Presents at FT Investment Management Summit Europe, Sep-27-2016 04:20 PM
Sep 14 16
The Financial Conduct Authority Presents at FT Investment Management Summit Europe, Sep-27-2016 04:20 PM. Venue: Hilton Tower Bridge Hotel, 5 More London Place, Tooley Street, London SE1 2BY, United Kingdom. Speakers: Robert Taylor, Head of Investment Management.
The Financial Conduct Authority Presents at 4th Annual European Electronic Bond Trading Forum, Sep-13-2016 12:15 PM
Sep 9 16
The Financial Conduct Authority Presents at 4th Annual European Electronic Bond Trading Forum, Sep-13-2016 12:15 PM. Venue: Jumeirah Carlton Tower Hotel, London, United Kingdom. Speakers: Fabio Braga, Technical Specialist, Trading Platforms and Settlement Policy Team.
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