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City watchdog vows to 'raise its game' following probe errors

LCF went bust in 2019 after raising £237million from 11,000 small investors and a report by Dame Elizabeth Gloster last December found the FCA failed to properly regulate and supervise the business.
In an apparent nod to the report, the FCA said it would be ‘proactive at the boundaries of the perimeter’ of its regulated markets – having previously pointed out the LCF model did not fall under its remit.
The regulator also said it would develop plans to differentiate the UK’s financial institutions from EU ones following the recent revelation from Chancellor Rishi Sunak that attempts to sign a mutual recognition deal with Brussels had failed. ....

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City watchdog vows to 'raise its game' following probe errors

City watchdog vows to 'raise its game' following probe errors
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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SLC staffers complete 20,000 cyber security training courses

The Student Loans Company (SLC) has spent over 76,800 pounds on cyber security training for its staffers, over the two most recent financial years (FY 19/20, FY 20/21), according to official figures. . ....

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Financial Regulator Hit by 240,000 Malicious Emails in Q4 2020

Financial Regulator Hit by 240,000 Malicious Emails in Q4 2020
Phil Muncaster UK / EMEA News Reporter , Infosecurity Magazine
Litigation firm Griffin Law filed the FOI request with powerful London-based body the Financial Conduct Authority (FCA).
It revealed that the FCA was hit with 238,711 malicious and unsolicited emails over the final three months of 2020, averaging out at around 80,000 per month.
November saw the highest volume (84,723), followed by October (81,799) and December (72,288). The vast majority were classified as spam, with over 2400 containing malware including Trojans, spyware and worms, according to the report.
The good news is that the FCA blocked all of these malicious emails sent its way, although the real threat is not from mass automated campaigns but more highly targeted spear-phishing attempts. ....

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Researchers uncover British foreign aid workers who fathered children abroad

Six test cases have been done in Philippines by team at King s College London
Australia, Canada, the United States and Britain found to have fathered children
The research technology that was used to find California s Golden State Killer
It comes in the wake of the 2011 Oxfam scandal that found staff had engaged in sexual misconduct with victims of the 2010 Haitian earthquake ....

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