Latest Market News
All natural persons who have the status of intermediary must have a certain level of professional knowledge and must engage regularly in continuing professional training. This also applies to persons who perform ‘regulated’ key functions at an intermediary that is a legal entity. Although those who serve as ‘persons in client-facing positions (PCP)’ may receive ongoing […]
The Financial Conduct Authority (FCA) has today set out a new employment offer designed to reward strong, consistent performance, aid career development and close pay gaps. This follows an extensive, wide-ranging and comprehensive consultation with all FCA colleagues and the FCA’s Staff Consultative Committee. The changes, including updates to the proposals consulted upon, will mean […]
The Financial Conduct Authority (FCA) is establishing a new advisory committee on secondary markets and is looking for expressions of interest from market participants to join. The purpose of the Committee is to support our wholesale secondary markets work in equities, derivatives, fixed income and commodity derivatives. The Committee’s task will be to: help develop […]
From today, new restrictions will apply to claims management companies (CMCs) to prevent them from charging excessive fees to consumers owed compensation from financial services firms. Under new Financial Conduct Authority (FCA) rules in force from today, the maximum consumers can be charged will depend on how much redress they are due. For example, if […]
EURUSD continues recovering after plummeting earlier. The major currency pair is recovering. The current quote for the instrument is 1.1175. The local improvement of the EUR rate is looking rather logical; however, there are chances that the rate might resume falling in the nearest future amid active demand for “safe haven” assets, such as […]
AUDUSD is growing after the RBA kept its monetary policy intact. The Australian Dollar is quickly rising against the USD on Tuesday. The current quote for the instrument is 0.7264. The way the March meeting of the Reserve Bank of Australia went was quite predictable. The benchmark interest rate remained unchanged at 0.10%, just as […]