Press releases

FCA data show 5% drop in complaints in the second half of 2018

The Financial Conduct Authority (FCA) has today published the complaints figures for regulated firms for the second half of 2018.

FCA sets out its priorities for 2019/20

The Financial Conduct Authority (FCA) has today published its Business Plan for 2019/20, which outlines the key priorities for the coming year.

Three New Directors Join ISDA Board

ISDA today announced that three new directors have joined its Board, while 10 others have been re-elected.

The new directors are:

Upper Tribunal publishes decision on Linear Investments Limited in relation to penalty imposed by FCA

The Upper Tribunal has published its decision on the reference made by Linear Investments Limited (Linear) in relation to the penalty imposed by the Financial Conduct Authority (FCA).

Insurance firms failing to consider value of the products and services provided to consumers

The Financial Conduct Authority (FCA) is warning General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service.

Top 20 Firms Collected Nearly $160 Billion in Initial Margin at Year-End 2018, Survey Finds

ISDA has published its latest margin survey, which shows the amount of initial margin (IM) collected by the 20 largest market participants for their non-cleared derivatives trades continued to rise in 2018.

Digital Asset and ISDA Introduce Tool to Help Drive Adoption of ISDA CDM

Digital Asset has today announced that it is working with ISDA to develop an open-source reference code library that will help derivatives market participants adopt the ISDA Common Domain Model (CDM). This new tool will assist developers in implementing the ISDA CDM in solutions for trading and managing derivatives via DAML, the smart contract language created by Digital Asset.

FCA fines Standard Chartered Bank £102.2 million for poor AML controls

The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA.

ISDA Publishes Asia Derivatives Survey

Trading volumes in Asia’s derivatives markets are expected to increase, but achieving certainty on close-out netting is identified as an important factor in driving further development of local markets, according to a new survey of derivatives market participants active in Asia-Pacific, published by ISDA to coincide with the start of the 34th ISDA Annual General Meeting (AGM) in Hong Kong.

UK Financial Conduct Authority and Australian Securities and Investments Commission agree to strengthen cooperation post-Brexit

The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) today announced they have agreed two Memoranda of Understanding to ensure there is continuity once the UK leaves the European Union. The MoUs cover trade repositories and alternative investment funds (AIFs).