- Home/Publications/Compliance Monitor
FCA makes finfluencer arrests in week of global action
The regulator has arrested three people, authorised criminal proceedings against three others and carried out further enforcement action during the first week of June - which is also a "global week of action against unlawful finfluencers".
Online Published Date:
06 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Our survey says... a guide to cyber resilience in the financial sector
As one of the most targeted industries, cybersecurity remains a growing risk for financial services. How can we respond to the risks posed by cyber incidents? Charlotte Witherington and Daniel Hirschfield explore the key lessons for central banks, regulators and policymakers from two cybersecurity surveys of the International Monetary Fund.
Online Published Date:
06 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
FCA looks to lift ban on crypto ETNs for the retail market
Retail investors will be able to invest in crypto exchange-traded notes (cETNs) if, as looks likely, a consultation has enough support to end the current ban on selling cETNs to them.
Online Published Date:
06 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Applications for Supercharged Sandbox open to firms in early AI testing
Firms will be able to receive indicators of the feasibility of products and services using artificial intelligence - "early-stage" Proof of Concepts - from October, using a pathway negotiated between the FCA and the California-based AI company Nvidia.
Online Published Date:
09 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Tribunal trims fines 25% on upheld decision against Metro Bank directors
Fines imposed by the FCA on two Metro Bank directors who were "knowingly concerned in a breach of the Listing Rules" have been cut 25 per cent by the Upper Tribunal.
Online Published Date:
16 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Convicted Janus Henderson trader was tracked by FCA market monitoring
A former Janus Henderson research analyst has been found guilty, alongside his sister, of insider dealing and money laundering offences by a jury at Southwark Crown Court. They were sentenced to six years and five years' imprisonment, respectively. The suspicious trades were detected by the FCA's market monitoring systems.
Online Published Date:
20 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Tribunal rebuffs Jes Staley's challenge against ban but grants fine reduction
Jes Staley, the former Barclays CEO, has failed in all his arguments to overturn an FCA ban after an appeal saw all his lawyers' representations rejected by the Upper Tribunal. He was successful, however, in having his £1.8 million fine cut by £700,000 to reflect the fact that he had been denied a similar sum by Barclays in deferred shares.
Online Published Date:
26 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
'Targeted support' rules likely by year-end
New FCA rules are due to be finalised by the end of the year letting firms offer "a new category of help" on pensions and investments to cohorts of consumers.
Online Published Date:
30 June 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Tribunal makes third decision in 15 days to cut fines on individuals
In a third judgment in just over two weeks, the Upper Tribunal has upheld prohibitions on individuals but substantially reduced the fines imposed by the FCA.
Online Published Date:
01 July 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
All firms to report non-financial misconduct on references from late 2026
Regulatory employment references will include "substantiated" cases of bullying, harassment and violence across the industry from September next year - the date when the FCA extends its non-financial misconduct rules from the banks across the whole regulated sector.
Online Published Date:
02 July 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Pay strategies to counter non-financial misconduct
A keen regulatory focus on how firms approach problem behaviours is driving careful attention to payment and accountability structures. Kate Pumfrey and Sarah Ward explore how the latest developments in NFM are impacting remuneration design and committee practices.
Online Published Date:
03 July 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Taking aim with AI
Artificial intelligence is the business topic of the times, with one Big Four outfit urging firms to, "Get on board or get out of the way." So, what are the risks, uses, sources of help, important steps and future issues? Neasa MacErlean reports.
Online Published Date:
03 July 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Shifts in FCA's market abuse strategy
Though threats to market integrity are a perennial issue, advances in technology and acute risks from organised crime groups are among the factors shaping the evolving outlook. Tepo Din discusses updates from the regulator.
Online Published Date:
03 July 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Responsible mortgage lending and repossession under review
The UK's mortgage affordability assessments and arrears rules are among the most effective in its regulatory regime. Current proposals seeking to broaden access to home ownership will not drastically alter the mortgage market; nor will they help customers currently trapped in high-rate subprime loans, comments Adam Samuel.
Online Published Date:
04 July 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
A Quincecare derivation: new recovery option for scam victims
Use of a derivative action on behalf of the shell company that received the funds may assist claimants seeking recourse against payment service providers who facilitate APP fraud. Denis O'Connor examines a recent case.
Online Published Date:
04 July 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
FCA wins 5-6 year sentences for £1.5m cold-calling crypto scammers
The regulator has successfully prosecuted two men who have together been sentenced to over 11 years in prison for their roles in a £1.5 million crypto fraud. The pair cold-called and sold fake investments to at least 65 people between February 2017 and June 2019.
Online Published Date:
04 July 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025
Spreading the cost: changes to Buy-Now Pay-Later rules
Draft legislation before Parliament will remove third-party lenders from the exemption for BNPL regulation. Emma Radmore and Stephen Wilson examine what the changes mean, who they will affect and what happens next.
Online Published Date:
04 July 2025
Appeared in issue:
Vol 37 No 10 - 01 July 2025