Skip to main content
RSS Feed

Articles tagged by FCA

FEMR Implementation Report Sees “Significant Progress” The past year has seen “significant progress” in the implementation of the Fair and Effective Markets Review (FEMR) recommendations; however, “the job is far from being done” as a “lack of trust in financial markets” remains and the focus is ...
FCA Cites “Real Improvements” in Banks’ FX Controls Alongside last week’s publication of an update on the Fair and Effective Markets Review (FEMR), the UK’s Financial Conduct Authority (FCA) has separately published a progress report on its own FX remediation programme. The programme, which was launched ...
An Incomplete Picture: Spotting the Spoofer in FX The incarceration of a trader convicted of spoofing has heightened awareness of the practice, but how hard is it to spot and how prevalent is it in FX? Colin Lambert investigates. “You have to be pretty desperate to resort to spoofing markets – especially on exchanges where it’s nigh on impossible to shield your activities,” argues a senior electronic trader in London. “Even in OTC markets it’s not easy to get away with given the MIS capabilities of firms today.”
FCA Targets “High Risk” CFD Industry The UK’s Financial Conduct Authority (FCA) has proposed stricter rules for firms selling contract for difference (CFD) products to retail customers to improve standards across the sector and ensure consumers are appropriately protected. The FCA says that analysis of customer accounts in the CFD sector indicate that 82% of users lose money. It adds that an increase in the number of firms in the CFD market has led the FCA to air concerns that more retail customers are opening and trading CFD products that they do not adequately understand.