Organisation: Financial Conduct Authority (UK)

The UK’s Competition and Markets Authority has accused HSBC, Morgan Stanley, Citi, Deutsche Bank and Royal Bank of Canada of unlawfully exchanging commercially sensitive information about government bonds in the aftermath of the global financial crash.

24 May 2023

A probe by the UK’s Financial Conduct Authority has warned that the domestic market for trade data used by banks and other investors is overly concentrated to the detriment of competition and consumers.

03 March 2023

The UK’s Financial Conduct Authority has issued its second known antitrust chargesheet, accusing three international money transfer service providers of fixing the rates they charged Scottish customers for wiring funds to Pakistan.

26 January 2023

Big Tech is uniquely placed to introduce welcome competition to the financial services sector, disrupting incumbents and benefitting consumers across the financial ecosystem. Yet, linked to concerns about tipping effects in digital markets, regulators worry about the potential for these companies to rapidly scale up and potentially exploit market power. Linklaters partner Jonathan Ford and senior associate Simon Treacy explore the UK financial regulator’s initial thoughts on the convergence.

21 December 2022