The U.K. regulator is proposing reforms designed to improve competition in the market, including a stronger duty on asset managers to act in the best interests of investors
Testing will begin shortly, U.K. regulator says
FCA will work with the industry to develop standards for underwriting league tables
The agreement covers 20 firms registered with in the U.S. as swap dealers, along with the other sorts of firms
The reduction in the total number of client complaints is encouraging, FCA says
The complaint asks U.K. regulators to investigate the scale of bank-transfer fraud, to propose new measures to protect consumers
But regulators are nonetheless concerned that big data may make it harder for some clients to obtain or pay for insurance
A newly created advice unit will work with the industry to provide regulatory feedback on automated advice models
The costs associated with inferior reference prices are small, FCA research paper finds
U.K. regulator pondering the introduction of due diligence requirements