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Top related persons:
Sarah Pritchard - 4 Huw Jones - 3 Toby Melville - 2 Christina Fincher - 2 Yadarisa - 1 Dhanya Ann Thoppil - 1 Dado Ruvic - 1 Brad Levy - 1
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Search resuls for: "Sarah Pritchard"


8 mentions found


☆ UK investment advisers face capital hike to cover compensation costs
  + stars: | 2023-11-29 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Investment advisers in Britain should hold extra capital to cover compensation costs, regulators proposed on Wednesday, in a bid to put a lid on the rising bill for bad advice. It is important that the polluter pays," Sarah Pritchard, the FCA's executive director of markets and international, said in a statement. Advisers already have to set aside a minimum of 20,000 pounds in capital to operate. PIMFA, a trade body for financial advisers, said it welcomed a "polluter pays" model, but urged a proportionate approach to avoid barring new entrants.
Persons: Toby Melville, Sarah Pritchard, Yadarisa, Dhanya Ann Thoppil, Christina Fincher Organizations: FCA, Financial, Authority, REUTERS, Investment, steelworkers, Thomson Locations: London, Britain, Bengaluru
☆ WhatsApp clampdown highlights video call compliance threat for finance firms
  + stars: | 2023-10-18 | by ( Sinead Cruise | ) www.reuters.com   time to read: +7 min
Video calls are broadly considered proxies for face-to-face meetings and therefore are currently subject to little or no formal record-keeping obligations. At least two major global banks are now recording Zoom calls, said sources with knowledge of the matter, who declined to be named because the information is not public. One bank is recording Zoom calls undertaken by certain staff, including traders, while the other is recording all Zoom calls so content can be reviewed later if needed. FINRA declined to comment on how many firms were subject to the rule or whether the rule also extended to video calls. Video calls pose "unique risks" and technology needed to efficiently screen video calls is not widely used, said Matt Smith, CEO of communications surveillance firm SteelEye.
Persons: Dado Ruvic, Brad Levy, Morgan, Goldman Sachs, Matthew Nunan, Gibson, Dunn, Morgan Stanley, Sarah Pritchard, Claire Garrett, Michael Watling, Seward, FINRA, Matt Smith, Ryan, Yonk, Symphony's Levy, Chris Prentice, Michelle Price, Huw Jones, Sharon Singleton Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Finance, Reuters, U.S, EMEA, Microsoft, Britain's, Authority, HSBC, Bloomberg, U.S . Financial Industry Regulatory Authority, Employees, American Institute for Economic Research, Washington D.C, Thomson Locations: Marsh, U.S, New York, Washington, London
☆ Britain grapples for agreement over listing rules overhaul
  + stars: | 2023-09-25 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
Signage for the Financial Conduct Authority (FCA), Britain's financial regulatory body, is seen at its head office in London, Britain, March 10, 2022. The decision by UK chip designer Arm Holdings to list in the United States triggered calls in Britain to make London more attractive as a listings destination by easing the rules. The Financial Conduct Authority (FCA) has proposed combining its "premium" and "standard" listing categories, and ease other listing requirements such a requirement for a detailed financial track record, prompting sharp criticism from shareholder groups. The new rules would be confirmed before the end of this year, which the FCA would seek to implement speedily, Pritchard said. Julia Hoggett, CEO of London Stock Exchange, said London was already an attractive listings venue, and "narratives" that keep it down needed challenging.
Persons: Toby Melville, Sarah Pritchard, Pritchard, Julia Hoggett, Hoggett, Huw Jones, Alex Richardson Organizations: Financial, Authority, REUTERS, Arm Holdings, Financial Conduct Authority, London Stock Exchange, Thomson Locations: London, Britain, New York, United, United States
☆ Britain to set up real-time bond and stock trading record
  + stars: | 2023-07-04 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
LONDON, July 5 (Reuters) - Britain's financial watchdog proposed a real-time record of stock and bond prices on Wednesday to help investors spot the best deals and improve the capital markets' attraction. The Financial Conduct Authority (FCA) said it was proposing to create a 'consolidated' tape, which combines trading data from the London Stock Exchange and other platforms, to increase transparency and access to trading. The FCA aims to have the regulatory framework in place by 2024 and would run a competitive tender for a bonds market tape first, followed by stocks. Later this year, the watchdog will consult on further reforms to the transparency of bond and derivatives markets to aid delivery of trading data alongside a tape. "The new consolidated tape will help reduce trading costs, increase transparency and improve data quality," said Sarah Pritchard, the FCA's executive director for markets.
Persons: Sarah Pritchard, Huw Jones, Christina Fincher Organizations: of, Union, Financial Conduct Authority, London Stock Exchange, EU, Thomson Locations: of London, Europe
☆ Crypto firms call for global consensus instead of "fire hose" of rules
  + stars: | 2023-05-10 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
Apart from compliance with rules to stop money laundering and terrorist financing, crypto firms are largely unregulated in many parts of the world. "If we built a good regulatory regime, people would come. We are shooting ourselves in the foot by not having a regulatory regime in the U.S.," Peirce said. U.S. Congress needed to decide which regulatory body has authority over crypto, Peirce added. Global standards and harmonisation as much as possible are key, said Sarah Pritchard, executive director for supervision at Britain's Financial Conduct Authority.
☆ Britain to shake up private pensions with value for money test
  + stars: | 2023-01-30 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
LONDON, Jan 30 (Reuters) - Britain said on Monday it will launch a public consultation on new rules requiring higher disclosure standards from private pensions schemes to give savers better value for money and prevent providers from "gaming the system". Pensions minister Laura Trott said the shake-up of private pensions will also include reform of the charge cap on a company's "default" defined contribution (DC) pension schemes that employees are offered or auto-enrolled in. DC pension schemes' performance is tied to swings in stock and bond markets. "Being in an underperforming pension scheme can lead to someone missing out on thousands of pounds." They would have to provide comparisons with at least three other schemes to prevent providers from choosing underperforming schemes for comparison purposes.
☆ UK watchdog warns share trading apps not to encourage 'gambling'
  + stars: | 2022-11-21 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Nov 21 (Reuters) - Stock trading apps should review their features to ensure that investors are not tempted into "gambling-like" behaviour, Britain's Financial Conduct Authority said on Monday. The watchdog warned stock trading app operators to stop "game-like" elements which risk prompting consumers to take actions against their own interest. "We expect all firms that offer stock trading to consumers to review and, where appropriate, make improvements to their products based on these findings." More than one million new accounts were opened by 4 trading app firms in the first four months of 2021, almost double the amount opened with all other retail investment services combined. FCA Trading App GraphicReporting by Huw JonesOur Standards: The Thomson Reuters Trust Principles.
☆ Britain's markets watchdog ups curbs on retail investment firms
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 18 (Reuters) - Britain's markets watchdog curbed activities of twice as many consumer investment firms in the last financial year as the previous year, it said on Tuesday, as it seeks to clamp down on poor financial advice and scams. It also stopped the UK operations of 16 contracts for difference providers where it suspected scams, or where consumers were encouraged to trade excessively to generate revenue. Without FCA action, consumers could have lost around 100 million pounds ($114.28 million) a year, the watchdog said. The FCA said it published more than 1,800 consumer alerts about unauthorised firms or individuals last year, 40% more than the previous year. ($1 = 0.8750 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Carolyn Cohn and Kirstin Ridley; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
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