FCA chief executive Andrew Bailey has just marked his first year at the top of the regulator. Money Marketing asks: Who is the man running the financial services show?
New FCA chief executive Andrew Bailey has quelled concerns that recommendations from the Financial Advice Market Review will be put on the back burner following the EU referendum. Speaking to journalists after the regulator’s annual public meeting yesterday, Bailey says: “We are not putting work on hold because of Brexit. The reason for that is […]
One of the more intriguing aspects of Money Marketing’s post-Brexit special issue last week was how little attention many of us have so far paid to the fact that a new FCA chief executive took office just days after the Leave campaign won the EU referendum. Former Prudential Regulation Authority head Andrew Bailey began his […]
Bank of England deputy governor and Prudential Regulation Authority chief executive Andrew Bailey has been named as the new chief executive of the FCA. Bailey, who has led the PRA for nearly three years, will succeed Tracey McDermott, who has been interim chief executive since Martin Wheatley stepped down in September. He is expected to take up the position […]
Providers wary of cost of mixing guarantees into drawdown products as talks results in lack of new products
Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.
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A whistleblower who wrote a report criticising Lloyds Bank’s handling of a scandal at HBOS has rebuked the FCA for not investigating, the Financial Times reports. Former Lloyds staffer Sally Masterton wrote to FCA chief executive Andrew Bailey last year, asking him to look into the conduct of Lloyds senior managers towards her. In 2014, […]
The FCA has issued a final notice to Hertfordshire-based Freddy David who is serving four and six-year jail sentences concurrently for two counts of fraud and deception. David was convicted last July of one count of obtaining a money transfer by deception and one count of fraud by abuse of position. The court heard David […]
The Financial Services Compensation Scheme has published its latest list of defaulted firms, with financial and investment advice firms accounting for more than half. A total 12 advice firms are named on the list of 21 firms, along with London-based investment specialist Vantage Investment Group. London-based adviser Sequant Capital Limited has been named on the […]