Tag: FCA

FCA

FCA Launches Review into Wholesale Market Data Services

The UK’s Financial Conduct Authority (FCA) has begun a review into the use and value of data and advanced analytics in wholesale financial markets, both now and in the future. The review comes in the form of a Call for Input (CFI) and will look at three specific areas – trading data, benchmarks and market […]

FCA Publishes “Dear CEO” Letter to Asset Managers

UK regulator, the Financial Conduct Authority (FCA), has published a “Dear CEO” letter to asset management firms, urging them to prepare for the end of Libor “now”. In the letter from Nick Miller, head of asset management supervision at the FCA, it stresses that UK authorities have been clear that the intention is that Libor […]

In the FICC of It

There is a packed agenda for Galen Stops’ last In the FICC of It podcast as he and Colin Lambert discuss a busy week in FX markets – especially if you’re in the survey business! After Lambert salutes Refinitiv for its gesture in donating brokerage to the Australian bushfire relief effort and Martin Mead on […]

UK Ups the Ante on Libor Transition

The Bank of England and the Financial Conduct Authority (FCA) have redoubled their efforts to get what appears to be reluctant financial markets participants to move away from using Libor as a benchmark, citing 2020 as a “critical” year for the transition process as markets move towards the end of Libor in 2021. In a […]

FCA Fines Tullett Prebon for “Ineffective Control” of Brokers

The UK’s Financial Conduct Authority (FCA) has fined Tullett Prebon, now part of TP Icap, GBP 15.4 million for “failing to conduct its business with due skill, care and diligence, failing to have adequate risk management systems and for failing to be open and cooperative with the FCA”. In spite of the latter statement, because […]

Cryptoasset Manager Granted FCA License

Prime Factor Capital (PFC), a London-based cryptoasset management firm, has been granted a license by the UK’s Financial Conduct Authority (FCA) to operate as a full-scope Alternative Investment Fund Manager (AIFM). Under the EU’s AIFM Directive (AIFMD), full-scope AIFMs may manage in excess of €100 million in assets, allowing PFC to begin accepting institutional-size tickets. […]

In the FICC of It

Colin Lambert is on the defensive from the start of this week’s podcast thanks to another disastrous prediction in the previous edition of In the FICC of It, so listen in to enjoy his discomfort as he and Galen Stops discuss the return of volatility to bitcoin and while doing so decide for yourself – […]

And Another Thing…

I see this week’s announcement that the UK’s Financial Conduct Authority (FCA) is to recognise the FX Global Code as a positive for the industry, not only because it may drag a few asset managers wary of their relationship with the UK regulator to the adherence table, but also because it highlights how a set […]

UK Regulator Recognises FX Global Code

Following a consultation process, the UK’s Financial Conduct Authority (FCA) has formally recognised two financial market codes of conduct, the FX Global Code and the UK Money Markets Code. To support and encourage the development and use of best practice industry codes of conduct, the FCA created a process to formally recognise those codes covering […]