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Trade association UK Finance said a record amount was lost to purchase scams in 2023, with people being tricked into paying for goods that never materialised.
In an ever-evolving financial landscape, the role of regulatory bodies like the Financial Conduct Authority (FCA) is crucial in maintaining transparency and accountability. However, recent proposals by the FCA to name and shame firms under investigation have sparked significant debate within the financial services industry. In an article in City AM yesterday, entitled “UK Finance…
Improving transparency is well and good, but the FCA's name and shame plans will damage innocent firms, writes UK Finance CEO David Postings.
The number of mortgages handed out to first-time buyers last year was the lowest since 2013, down 22.4% compared with 2022
"We will be going through the results with a fine tooth comb," Harriett Baldwin, chair of the Treasury Committee, told City A.M.