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Coronavirus: UK watchdog proposes payment freeze on credit cards and loans

The Financial Conduct Authority is set to encourage a payment freeze, and may order lenders to find other ways to help borrowers 'weather the storm.' ... read more

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Coronavirus: FCA proposes credit card payment freeze

The FCA made a range of proposals it said measures already announced by the government to support mortgage-holders, renters and employees. It said banks should offer a temporary payment freeze on ... read more

FCA to enforce payment freeze on consumer credit products

Christopher Woolard, Interim Chief Executive of the FCA, said: “Coronavirus has caused an unprecedented financial shock with far-reaching consequences for consumers in every corner of the UK. If ... read more

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UK's FCA says don't blame short-sellers for market rout

Short-sellers cannot be blamed for the rout in stocks and markets should be kept open during epidemic, regulators in Europe said on Monday. Europe’s STOXX 600 index has fallen to around a seven-year ... read more


Ask for a selfie: UK financial watchdog eases rules in pandemic

Financial firms can ask customers for a selfie to check their identity, Britain's markets watchdog said in a bid to ease burdens on staff having to work from home during the coronavirus lockdown. By ... read more

FCA Offers Financial Relief for Custmomers Challenged by Covid-19

The FCA proposes to set out its expectations on firms to offer a temporary payment freeze ... “Coronavirus has caused an unprecedented financial shock with far-reaching consequences for consumers in ... read more

Some UK finance firms mis-using 'key worker' status -union

Some financial firms are defining an unnecessarily large proportion of staff as "key workers" to ensure they can still come into the office or branch to work, according to a union representing ... read more

How to Buy Bitcoin UK: A Beginner’s Guide

If so, we would suggest the broker listed below. Our top-rated platform is regulated by the UK’s FCA, so your funds are safe at all times. You can also deposit funds with heaps of everyday payment ... read more

FCA Rules Out UK Short-Selling Ban Despite Market Drop

Law360, London (March 24, 2020, 3:36 PM GMT) -- The Financial Conduct Authority has said it will not ban short selling in the U.K. as there is no evidence the practice was behind recent market falls, ... read more

BRIEF-UK's FCA Sets Guidelines For Mortgage Providers On COVID-19-Related Loan Scheme

UK’s Financial Conduct Authority: * UK’S FCA SETS OUT NEW GUIDANCE FOR MORTGAGE PROVIDERS AND FOR LENDERS TAKING PART IN THE CORONAVIRUS BUSINESS INTERRUP ... read more

FCA Eases Best Execution Reporting Requirements During Covid-19 Crisis

interim CEO of FCA. He said that the UK regulator would not take any enforcement action against firms that do not publish the next reports as required on 1 April, as long as they do so no later than ... read more

UK Watchdog Eases Rules on Retail Investments in Pandemic

It also brings with it the need to protect consumers," the Financial Conduct Authority said in a letter to all retail financial firms sent late on Tuesday. Wealth of Knowledge is a weekly podcast ... read more



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