Financial Conduct Authority

Five lenders withdraw from U.K.'s coronavirus rescue plan

04/01/20

The firms say they can't handle crushing loan demand from small and medium-sized businesses.

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Transition from Libor to new benchmark should begin now: Fed’s Quarles

06/03/19

Although Libor will will not be phased out until at least 2021, Randal Quarles said making the switch early is "consistent with prudent risk management."

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Libor is going dark in 2021, and some banks aren’t ready

12/30/18

An effort to increase awareness of the transition to a new benchmark rate, and nudge banks to start preparing, is expected to intensify in 2019.

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Banking needs a regtech sandbox

11/02/18

Instead of focusing on testing grounds for fintech startups, regulators should develop initiatives to improve their own oversight and compliance technologies.

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CFPB looking to hop on fintech sandbox bandwagon

05/29/18

Mick Mulvaney, the agency’s acting director, suggests U.S. startups — like their U.K. counterparts — may eventually be able to test products without fear of regulatory action.

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Uneasy transition: Banks prepare for Libor’s demise

05/28/18

The London interbank offered rate will likely be replaced by a new reference rate that critics say is better suited for the derivatives market than it is for commercial lending.

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U.K. banks start cracking down on consumer borrowing

04/12/18

Concerned about rising default rates, banks "significantly" tightened underwriting in the first quarter, the Bank of England said in a report published Thursday.

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U.K. regulator's big idea: Take innovation sandbox global

02/16/18

The Financial Conduct Authority is seeking input on whether it should expand its fintech testing ground to include startups and regulators from around the world.

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Regulators say they promote innovation, but the opposite is true

12/05/17

More regulation, more regulators and more regulatory uncertainty both increase the cost of and inhibit financial services and payments innovation.

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U.S. fintech industry jealously eyes U.K. regulatory scheme

10/23/17

British regulators are touting the success of their so-called regulatory sandbox. Their American counterparts have been unable to agree on a comprehensive scheme to foster innovation.

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