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. 

Advise Wise members can now access Comentis' vulnerability assessment tool.

The regulator will explore whether targeted support and simplified advice could better support pension savers.

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

Reeves said regulatory changes after financial crisis created a system which sought to eliminate risk taking "that has gone too far". 

The rules aim to strengthen the resilience of the services that critical third parties provide to firms.