rakuten left binance left net_left adver left
Detail

UK watchdog unveils blueprint to turn tide of financial scams

By Huw Jones LONDON (Reuters) -Britain's financial watchdog set itself targets on Wednesday to help consumers by 2025 cut their losses from a growing number of scams and steer...
UK watchdog unveils blueprint to turn tide of financial scams © Reuters. A general view of the Canary Wharf financial district in London, Britain April 25, 2021. Picture taken April 25 with a drone. REUTERS/Kevin Coombs

By Huw Jones

LONDON (Reuters) -Britain's financial watchdog set itself targets on Wednesday to help consumers by 2025 cut their losses from a growing number of scams and steer clear of investment products that are too risky.

Financial fraud has rocketed during the pandemic as more consumers search on the internet for products, with 1.15 million new accounts opened by just four trading app firms in the first four months of 2021.

The collapse of investment firm London Capital & Finance has also forced the government to pay millions of pounds in compensation to investors.

The growth of scams has required the Financial Conduct Authority to become more assertive in protecting consumers, who lost nearly 570 million pounds ($790 million) to investment fraud in the financial year that ended in April. That sum has tripled since 2018.

"We want to see a consumer investment market in which consumers can invest with confidence, understanding the risks they are taking and the regulatory protections provided," the FCA said in a statement.

The watchdog said that by 2025 it would cut by a fifth the number of consumers missing out on investment earnings, halve the number of consumers investing in unsuitably risky products, and cut the money lost to investment scams carried out by regulated firms.

To achieve these goals, the watchdog said it would explore changes in rules to make it easier for firms to provide more help to consumers who want to invest in relatively straightforward products.

It will also launch a new 11 million pound investment harm campaign, and be more assertive and agile in how it "detects, disrupts and takes action against scammers".

The Financial Services Compensation Scheme (FSCS) is funded by an annual levy on industry. It has risen sharply over recent years to 833 million pounds, and the FCA said it would review rules to stabilise the bill for covering failed firms.

But PIMFA, which represents financial advisers, said the FCA's proposals for addressing "unsustainable" rises in FSCS levies do not go far enough.

"The FCA needs to be significantly more ambitious in setting out a supervisory approach in which harm is identified and acted on quicker," PIMFA CEO Liz Field said.

But Simon Turner, a financial services partner at consultants EY, said reducing harm in the market long term will involve significant supervisory and enforcement activity in the short to medium term, which is likely to increase the costs of compensation.

The FCA said it will also implement plans to toughen up a "duty of care" on financial firms towards their customers, seen as a step change in protection.

($1 = 0.7231 pounds)

ig right Neteller nyse right adver right
APPROVED BROKERS
nyse main right net_home_top Main Right TOP 12 Main Right TOP 11 Main Right TOP 10 Main Right TOP 09 Main Right TOP 07 Main Right TOP 06 Main Right TOP 05 Main Right TOP 04 Main Right TOP 03 Main Right TOP 01
18-09-2021 02:46:09 (UTC+7)

EUR/USD

1.1731

-0.0033 (-0.28%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (1)

EUR/USD

1.1731

-0.0033 (-0.28%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (1)

GBP/USD

1.3742

-0.0046 (-0.33%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

USD/JPY

109.97

+0.28 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

AUD/USD

0.7272

-0.0016 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

USD/CAD

1.2743

+0.0062 (+0.49%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (4)

Sell (2)

EUR/JPY

129.01

-0.04 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

1.0938

+0.0027 (+0.24%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (0)

Sell (8)

Gold Futures

1,752.55

-4.15 (-0.24%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (2)

Silver Futures

22.410

-0.384 (-1.68%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

Copper Futures

4.2423

-0.0392 (-0.92%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Crude Oil WTI Futures

72.00

-0.56 (-0.77%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (1)

Brent Oil Futures

75.37

-0.30 (-0.40%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (2)

Natural Gas Futures

5.062

-0.273 (-5.12%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (0)

US Coffee C Futures

186.75

-1.40 (-0.74%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,130.84

-39.03 (-0.94%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

S&P 500

4,434.76

-39.00 (-0.87%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

15,490.17

-161.58 (-1.03%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

FTSE 100

6,963.64

-63.84 (-0.91%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Hang Seng

24,920.76

+252.91 (+1.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

US Small Cap 2000

2,231.25

-5.03 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

IBEX 35

8,760.90

+27.20 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

BASF SE NA O.N.

63.085

-2.125 (-3.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Bayer AG NA

45.07

-0.57 (-1.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Allianz SE VNA O.N.

190.23

-2.24 (-1.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Adidas AG

281.60

-3.70 (-1.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Deutsche Lufthansa AG

8.210

+0.209 (+2.61%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (1)

Siemens AG Class N

148.76

-1.28 (-0.85%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Deutsche Bank AG

11.080

-0.025 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (8)

 EUR/USD1.1731Neutral
 GBP/USD1.3742↑ Buy
 USD/JPY109.97↑ Buy
 AUD/USD0.7272↑ Buy
 USD/CAD1.2743Neutral
 EUR/JPY129.01↑ Buy
 EUR/CHF1.0938Neutral
 Gold1,752.55Neutral
 Silver22.410↑ Buy
 Copper4.2423↑ Sell
 Crude Oil WTI72.00Buy
 Brent Oil75.37Neutral
 Natural Gas5.062↑ Buy
 US Coffee C186.75Buy
 Euro Stoxx 504,130.84↑ Buy
 S&P 5004,434.76↑ Buy
 DAX15,490.17↑ Buy
 FTSE 1006,963.64↑ Buy
 Hang Seng24,920.76↑ Buy
 Small Cap 20002,231.25↑ Buy
 IBEX 358,760.90↑ Sell
 BASF63.085↑ Sell
 Bayer45.07↑ Sell
 Allianz190.23↑ Sell
 Adidas281.60↑ Sell
 Lufthansa8.210Neutral
 Siemens AG148.76↑ Sell
 Deutsche Bank AG11.080↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,600/ 5,665
(0/ 0) # 809
SJC HCM5,600/ 5,665
(0/ 0) # 810
SJC Hanoi5,600/ 5,667
(0/ 0) # 812
SJC Danang5,600/ 5,667
(0/ 0) # 812
SJC Nhatrang5,600/ 5,667
(0/ 0) # 812
SJC Cantho5,600/ 5,667
(0/ 0) # 812
Cập nhật 18-09-2021 02:46:11
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,752.22-1.91-0.11%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI$72.02-0.6-0.83%
Brent$75.40-0.61-0.81%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.640,0022.870,00
EUR26.118,3927.477,69
GBP30.621,6331.901,01
JPY202,13213,83
KRW16,7120,34
Cập nhật lúc 18:53:14 17/09/2021
Xem bảng tỷ giá hối đoái
binance main right Fxpro aetos main right adver main right