Firms will now be given 10 days’ notice ahead of any announcement being made, rather than the one day originally consulted on.

The changes follow on from 2023’s removal of the banker bonus cap.

12% of UK adults now own crypto.

The failures allowed a trader to conceal over 400 fictitious trades.

Members debated whether the FCA should be reformed or replaced.

The competition will award funding for several research projects focused on growth, competitiveness and regulation in the UK financial services sector.

The FCA says the events in 2008 were of "national importance as banks sought emergency recapitalisation".

The regulator says it will take action if it doesn't see improvements.

The highest perceived benefits are in data and analytical insights, anti-money laundering (AML) and combating fraud, and cybersecurity. 

Buchan and Cooke "recklessly withdrew funds from MedDen’s bank account for their own benefit", totalling over £9,000.