Regulation

The Financial Conduct Authority (FCA) is coming down hard on firms that continue to act outside of its rules on financial promotions, with the number of adverts withdrawn or amended by the regulator jumping 61% in the last year.

The European Parliament has given the green light for the UK's Lord Jonathan Hill to become European Union (EU) financial services commissioner, despite facing tough questioning from sceptical MEPs.

The Financial Conduct Authority (FCA) has fined and banned two former directors of Pritchard Stockbrokers for recklessly failing to protect client money.

Platforms

Hospitality

Worst among equals

The end of corporate hospitality?

Wonga will write off the debts of 330,000 customers, worth £220m, after the FCA found flaws in its system for assessing the ability of borrowers to pay back their debts.

Seven advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).

A financial adviser has been charged with 12 counts of fraud which is said to have netted him over £1m worth of clients assets.