‘Impossible’ for zero error approach to AI in financial services
It is impossible to have a “zero error approach” to artificial intelligence, according to the Bank of England’s…
What will cryptocurrency regulation mean for financial advice?
Back in November last year, the Financial Conduct Authority (FCA) started to share its approach to regulating cryptocurrency…
UK’s FCA proposes 9 billion to 18 billion pound redress scheme for motor finance claims
By William James LONDON (Reuters) -Britain’s Financial Conduct Authority (FCA) on Sunday proposed a redress scheme for consumers…
Reeves hails ‘instant impact’ for aspiring homeowners as red tape is cut
First-time buyers are set to see an “instant impact” from the drive to kickstart economic growth, Chancellor Rachel…
Lenders drop mortgage rates as regulator pushes rule changes
Several lenders have decided to cut mortgage rates amid a mini-price war, even as the Bank of England…
Bank of England hints at stance on UK stablecoins – Ledger Insights
Earlier this week Sarah Breeden, the Deputy Governor of the Bank of England, gave a speech at the…
United Kingdom’s Financial Watchdog Solicits Public Input on Crypto Sector Regulation
The United Kingdom’s financial watchdog is asking for the public’s opinion on crypto regulations. The Financial Conduct Authority…
FCA Plans to Retire Outdated Guidance to Streamline Regulation
The United Kingdom’s Financial Conduct Authority plans to retire more than 100 pages of outdated guidance, withdraw hundreds…
Abolition of Regulator is ‘Pragmatic Next Step’
The head of the United Kingdom’s Payment Systems Regulator (PSR) reportedly said Wednesday (March 12) that he had been aware…
VASP OK Makes It UK’s Biggest Registered Crypto Firm
Coinbase says it is now the largest registered digital assets company in the U.K. That milestone, announced by the cryptocurrency exchange…
UK BNPL Volumes Jump Nearly 20% Amid Increased Scrutiny
British consumers are increasingly embracing buy now, pay later (BNPL) plans amid increasing government scrutiny. Activity in the…
UK Authorities to Improve Cooperation on Payments Vision
Four financial authorities in the United Kingdom said they are working to improve their cooperation and will revise…