View more on these topics

FBI veteran joins FCA investigations team

FCA logo new 3 620x430

A former US Federal Bureau of Investigation boss is to join the FCA as retail and regulatory investigations director.

According to a Bloomberg report, Michael Welch, who most recently ran Standard Chartered’s internal investigations unit in the UK, joins the FCA this month.

He will report to FCA enforcement and market oversight director Mark Steward, and replaces Tom Spender who now works for Lloyds Banking Group.

Welch previously ran the FBI’s international operations and worked at the agency for 30 years.

He moved to London in 2014 to work as group head of shared investigative services at Standard Chartered.

At the bank he is said to have worked with former spies, police detectives and compliance officers as part of a programme accredited by the City of London Police.



New lender Mortgages4Life gets FCA approval

Lifetime lender Mortgages4Life has got full regulatory approval from the Financial Conduct Authority. Mortgages4Life is planning to launch residential and lifetime mortgage products for underserved older borrowers. The Peterborough-based lender says it is “close to launch”. Its products will only be available through financial advisers and mortgage brokers. The business is headed by chief executive […]

FCA logo new 3 620x430

FCA mulls tighter buy-to-let controls

The Financial Conduct Authority is considering tightening its control on buy-to-let lending, according to a letter sent to smaller lenders. The regulator is concerned that buy-to-let lenders solely governed by the FCA could present a risk to the wider financial system, according to Sky News. The letter says the FCA is reviewing the risk that […]

FCA logo new 620x430.jpg

FCA decides to impose PPI complaints deadline

The FCA is to introduce a deadline on new complaints about missold payment protection insurance as part of a wider package of measures to draw a line under the PPI saga. The regulator plans a two-year window for new PPI complaints to be brought, which will start by the end of June next year and […]

Can UK companies satisfy global appetites?

By Mark Martin, Manager of Neptune UK Mid Cap Fund

Rapid economic and income growth is leading to a dramatic shift in diet towards protein products right around the globe. UK companies such as Genus, the world’s largest livestock breeder, are benefiting from this increasing demand. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses this investment theme.


News and expert analysis straight to your inbox

Sign up