the approval of the new instructions of the british financial conduct authority for meme coins is troublesome. this news is the fuel for the exploration of the cryptocurrency market . have possible to meet the criteria british financial conduct authority advertisers need to be held accountable and failure to comply with this law can lead to two years in prison. the recent move by the financial conduct authority creates the best group carpets for memecoins because their communication and social engagement relies on memes or jokes and advertising . close ceo and startup it has postponed its digital asset holding business due to regulatory risks in the united states. although the close group has left this service despite the suspension, it is still committed to the development of digital asset business. russia's largest banks have announced their desire to cooperate with the digital currency of the country's central bank. it has and gives consumers more flexibility in transactions, saeed , the head of the tv news agency, the end of capital market news . may allah, the most merciful, the most mer

intend to promote themselves may need to comply with the advertising standards of the uk financial conduct authorityand failure to comply with this law can lead to two years in prison. the recent move by the financial conduct authority creates a group for memecoins because of their connection and social participation . can be the nasdaq group has suspended its protection service, which it had previously planned until the second social end of 2023. the ceo of the group said that it has postponed the launch of its digital asset maintenance business due to regulatory risks in the united states. however, the group has suspended the study that it is still committed to the development of digital asset business. it is a digital currency and it may be released before 2025. the first news about the digital launch in 2020 came out. according to the officials of the central bank of russia, non-cash co-exists and gives consumers more flexibility in transactions. saeed, head of the sedah and sima news agency, protect the gold currency and again, their father. dear readers of the news network . the coolest hour o

well the fca, the financial conduct authority , is the regulator for authority, is the regulator for em. >> it's meant really to protect consumers and to make sure that the banks don't it don't do things that are wrong and into that they've they've introduced this terrible piece of regulation, which i think really originally flowed from the european union, which is the environmental and social governance requirement. it's very woolly, it's very loose, it's ill described. and for the most part, their guidance on it is also pretty hopeless. and that means essentially that they're in a way free. and that's how many of them have interpreted to actually make judgements about people way beyond the circumstances of the original idea. beyond the circumstances of the original idea . so, for example, original idea. so, for example, if you are politically exposed person, of course you are. i am too. according to them . and that too. according to them. and that means basically that they can then decide, well beyond the financial reasons why you might have been in that capacity. maybe your views,

well the fca, the financial conduct authority , is the regulator for authority, is the regulator for em. >> it's meant really to protect consumers and to make sure that the banks don't it don't do things that are wrong and into that they've they've introduced this terrible piece of regulation, which i think really originally flowed from the european union, which is the environmental and social governance requirement. it's very woolly, it's very loose, it's ill described. and for the most part, their guidance on it is also pretty hopeless. and that means essentially that they're in a way free. and that's how many of them have interpreted to actually make judgements about people way beyond the circumstances of the original idea. beyond the circumstances of the original idea . so, for example, original idea. so, for example, if you are politically exposed person, of course you are. i am too. according to them . and that too. according to them. and that means basically that they can then decide, well beyond the financial reasons why you might have been in that capacity. maybe your views,

let'5 5peak now to a woman who's previously worked for three regulators, ofgem, the financial conduct authorityist and author france5 coppola who has written critically about the power of large corporations. mary stark5, let me start with you. the former chair, a man who believes in the free market, lord tyra, 5ay5 in the free market, lord tyra, says it feels like we live in a rip of economy and the regulators have essentially been captured by the companies they are supposed to regulate. in other words, they pretty much will do what the company is one. do pretty much will do what the company is one. ,, . ., �* pretty much will do what the company is one. i. ., ., �* ., is one. do you agree? i don't agree with that. is one. do you agree? i don't agree with that- l— is one. do you agree? i don't agree with that. i do — is one. do you agree? i don't agree with that. i do have _ is one. do you agree? i don't agree with that. i do have some - is one. do you agree? i don't agree| with that. i do have some sympathy with that. i do have some sympathy with lord tyraargues that the regulators need to add

the financial conduct authority backin financial conduct authority back in may released a consultation i think there is a desire during this lull in the ipo market to see if the london markets can be more flexible and look at some of listing rules. they don't want to go too far but they are looking at new york and amsterdam and paris and saying, can london step up more, are there things we can do to bring more flexibility, both for retail investors and for institutional investors. i think the investors i speak to feel there is room to do that. without making it too easy to list on the london market. we will see over the coming months. we need to make sure the uk government comes out with their announcements about pension fund reforms, where they can also invest in patient capital. i will free up a lot more money to go into uk start—ups and scale ups, so there are a couple of things that need to happen. we don't want to make it too easy but there needs to be a greater degree of flexibility.- degree of flexibility. thank ou degree of flexibility. thank you very — degree of flexibility. t

the financial conduct authority doesn't have the power to force banks to increase rates.sitive outcome today. today we are still seeing rates - positive outcome today. today we are still seeing rates of- we are still seeing rates of less than 1% on some instant access accounts offered by the big banks. clearly that has to change. it is not right that mortgage holders are being made to feel the pain of interest rate rises while many very loyal savers are not getting the full benefits. so hopefully the full benefits. so hopefully the fca can make a meaningful difference here and nudge the banks even further in the right direction. , ., , direction. new rules to better trotect direction. new rules to better protect customers _ direction. new rules to better protect customers are - direction. new rules to betterj protect customers are coming into force this summer, and the regulator is keen for lenders to get in line now, to strike a quicker balance between what they are taking from customers and what they are giving back. colletta smith, bbc news. let's get some of the day's

so the financial conduct authority , the financial conduct authority, the fca, have a big role in thisfor them was already changed in 2017. it's clear it's not working and that is what i think this latest fuss will help resolve. and i know that. andrew griffiths minister, you may want to get on the programme. will be explaining to parliament the further measures that will be taken. so so strong stuff there really from grant shapps. >> but suella braverman went even further with a tweet. she said . the coote scandal exposes said. the coote scandal exposes the sinister nature of much of the sinister nature of much of the diversity , equality and the diversity, equality and inclusion industry. apparently anyone who wants to control our borders and stop the boats can be branded zen phobic and have their bank accounts closed in their bank accounts closed in the name of include city, natwest and other corporates who have naively adopted this politically biased dogma. need a major rethink. this is also an issue for the public sector too, which is why i'm reviewing our policies at the home off

so the financial conduct authority , the financial conduct authority, the fca, have a big role in thisr them was already changed in 2017. it's clear it's not working and that is what i think this latest fuss will help resolve. and i know that. andrew griffiths minister, you may want to get on the programme. will be explaining to parliament the further measures that will be taken. so so strong stuff there really from grant shapps. >> but suella braverman went even further with a tweet. she said . the coote scandal exposes said. the coote scandal exposes the sinister nature of much of the sinister nature of much of the diversity , equality and the diversity, equality and inclusion industry. apparently anyone who wants to control our borders and stop the boats can be branded zen phobic and have their bank accounts closed in their bank accounts closed in the name of include city, natwest and other corporates who have naively adopted this politically biased dogma. need a major rethink. this is also an issue for the public sector too, which is why i'm reviewing our policies at the home offic

the banking regulator, the financial conduct authority .o the guardian critic advising the government's handung critic advising the government's handling of the crisis , handling of the crisis, suggesting that the prime minister and chancellor should have allowed due process , as the have allowed due process, as the article stated. quote there is a real sense of disquiet that political pressure has to led the midnight exit for such an important unquote . important banking ceo unquote. this, of course, echoed the words of shadow chancellor rachel reeves, who called out the, quote, bullying attitudes towards rose. now bizarre enough that the fca would attack the government rather than the culprits in question. but it seems the regulator may have played its role in the problem . played its role in the problem. a group of conservative politicians and former financial industry figures have written to the chancellor calling for an investigate into the fca investigate nation into the fca because , as it was, the because, as it was, the regulator t

the financial conduct authority's has now set out a 14—point plan to make sure that providers are communicatingy�*. threejust stop 0il protesters who threw orange powder on to the pitch during an ashes test at lord's cricket ground have denied aggravated trespass. judit murray, daniel knorr, and jacob bourne, are accused of running onto the pitch during the second test match between england and australia onjune 28th. they pleaded not guilty at westminster magistrates' court and will go on trial on september 28th. you're live with bbc news. to ukraine now where kyiv�*s forces have been praised by president zelensky, for their advances around bakhmut — a city of huge symbolic importance in the conflict. russia captured bakhmut earlier this year, after almost 12 months of intense fighting. the bbc has been given exclusive access to a team of elite snipers, the ghosts of bakhmut, who are conducting night raids close to the city. 0ur defence correspondent jonathan beale joined them on a journey to the front line. we're on our way to a secret location, a place they call the edge of existence. behind

but the head of the financial conduct authority says existing rules make it clear that banks even nowwhy the government seems to be preparing this new regulatory system where banks would have to explain themselves if they make a decision, it wouldn't happen behind closed doors. there would be more time to deal with it and, yes, potentially licences could be involved in that. on that point we understand no decision has yet been made. thank ou. there's a warning from the uk children's charity, the nspcc, that predators are using virtual reality gaming to target and groom young people. the charity found that three quarters of parents are concerned that children are at risk of being sexually harassed in vr worlds. police have called the technology an "emerging threat". angus crawford reports. enter a virtual world. how old are you? seven. seven? cool rec room says it's a place to hang out, chat and explore. looks innocent enough — but not for this child, home alone, playing on her vr headset. one time, when i met some boy... she tells a researcher what happened to her. it's graphic and sh

bosses at lloyds, hsbc, natwest and ba rclays are to meet the financial conduct authority on thursdays have seen banks raise mortgage costs but there are concerns that higher returns are not being passed on as quickly to savers. oil prices have settled down, after saudi arabia and russia moved to extend its production cut by another month. riyadh has been leading the charge to cut production in a bid to get crude prices to remain high. saudi arabia said it would extend its voluntary cut ofi million barrels per day to august. russia will also reduce its oil exports by 500,000 barrels per day in august. now to the latest chapter in a tit—for—tat chip war between washington and beijing. china has slapped export controls on two rare metals that are used in the manufacture of semiconductors. the move by the chinese ministry of commerce targets the metals gallium and germanium, of which china is a major producer. from next month, exports of these metals will require a license. michelle fleury explains. us treasury secretary janet yellen is headed to beijing, and has is the second trip by a

the financial conduct authority doesn't have the power to force banks to increase rates, but they saye outcome today. we're still seeing rates of less than i% on some instant—access accounts offered by the big banks. clearly, that has to change. it's not right that mortgage—holders are being made to feel the pain of interest rate rises, while many very loyal savers are not getting the full benefit. so hopefully the fca can make a meaningful difference here, and nudge the banks even further in the right direction. new rules to better protect customers are coming into force this summer, and the regulator is keen for lenders to get in line now to strike a quicker balance between what they're taking from customers and what they're giving back. colletta smith, bbc news. more stories now with naga. you are starting with the house of lords and the illegal migration bill. the government has suffered another series of defeats in the house of lords over its plans to deport asylum seekers who arrive in the uk on small boats. peers backed five new amendments to the illegal migration bill. our pol

the financial conduct authority's has now set out a 14—point plan to make sure that providers are communicatingnge powder onto the pitch during an ashes test at lord's cricket ground have denied aggravated trespass. judit murray, daniel knorr, and jacob bourne, are accused of running onto the pitch during the second test match between england and australia on 28june. they pleaded not guilty at westminster magistrates' court and will go on trial on 28 september. you're live with bbc news. members of the largest teaching union have accepted a 6.5% pay rise for teachers in england and voted to end strikes. the national education union had staged seven days of strikes in state schools in england since february. both sides in the dispute said, the pay offer was "properly funded" and would not come from existing school budgets. our education correspondent hazel shearing has more. so it's summer holidays, so it's so it's summer holidays, so its quiet outside this secondary school here in leeds. but back in february here, teachers were holding banners and woolly hats on these strike days you mentioned.

bosses at lloyds, hsbc, natwest and ba rclays are to meet the financial conduct authority on thursdayest rates have seen banks raise mortgage costs but there are concerns that higher returns are not being passed on as quickly to savers. chancellorjeremy hunt has said it is an "issue "which needs solving". analysis by the bbc has found thousands of adverts for rental properties say that tenants with children or pets are not welcome. there are no laws explicitly stopping this, but mps are considering more protections for renters in england. under existing equality laws, blanket bans on children have been shown to indirectly discriminate against women. our personal finance correspondent kevin peachy has more. it is almost a full—time job. sarai has been searching for somewhere to rent for a year without any luck.— without any luck. there is a bi . without any luck. there is a big problem _ without any luck. there is a big problem with _ without any luck. there is a big problem with having - big problem with having children under the age of 18. that's a big barrier. being a single parent

under pressure from the government, the financial conduct authority are meeting with the big four banksive savers more. the thing is, the regulator can't force banks to up their interest rates. some have passed on that increase in interest rates much faster than others. so if you have got some savings tucked away, it's worth taking the time to shop around at the moment because there's a big variation in what's available. abi's not keen to lock all her savings away, which means they're earning very little no matter how hard she's working. you see, people say like, "oh, well, it's got loads of interest". and you're like. you don't see any of it. so more interest would help the bank balance. it'd be nice, wouldn't it? oh yeah. we'd all love to see that one way on that side, you know, like people are trying to save and you know, people are trying to use the savings pot to get on the property ladder. obviously that's pushing people further away from that. and that's exactly how isaac feels about his future. hopefully one day look to like moving out and stuff like that because don't want to l

a number of conservative mps are calling for the financial conduct authority to be investigated over de—banking of nigel farage coote's account nigel farage says coutts has offered to reinstate his personal and business accounts, but he's determined to find out how many other people in coutts or natwest or any other bank for that matter have had their accounts closed because of their political opinions. a joint letter has been sent to the chancellor from some conservative mps, warning the fca may have inadvertent encouraged the culture within banking that led to the account closure . one of those who signed closure. one of those who signed the letter is iain duncan smith. we've discovered so many people have actually been caught up in this ridiculous nonsense and the fca has done absolutely nothing to stop it and recorrect it , to stop it and recorrect it, which they should have done also , by the way, they then criticise the chancellor in unofficial briefing , saying that unofficial briefing, saying that he essentially shouldn't have been interfering in the banking rules themselves

the financial conduct authority's has now set out a i4—point plan to make sure that providers are communicating country's east, which russian forces said they had captured in may. there are videos online of ukrainian troops storming russian trenches, in scenes not entirely dissimilar to images from the first world war. on the outskirts of the city, the ukrainian are testing russian defences. the bbc has been given exclusive access to a team of elite snipers who are conducting night raids nearby. our defence correspondent jonathan bealejoined them — on a journey — to the front line. we're on our way to a secret location, a place they call the edge of existence. behind the wheel, the man simply known as ghost. he tells me his team of snipers are all known as the ghosts of bakhmut because they silently bring death. their base is already well within range of russian artillery. rumble. that was close. but they'll be going even closer towards enemy lines. translation: you can hide from artillery, - but not from snipers. and their work is more precise than the shelling. do you know how many russians y

you know, i don't have any idea with that, but i made, um, an inquiry with the fca, the financial conduct authority . and now when i was want to know. and now when i was closed down, i didn't receive a letter. it was it was spur of the moment. it was just logged onune the moment. it was just logged online and that was it. um, i, i was, i was closed down on the, on the 3rd of august. i didn't receive my letter till the 7th of august. so i was left in limbo for all that time. i suffered from mental health and i was going through mental health therapy at that time and i use the nhs because i couldn't use the nhs because of waiting, waiting lists. of the waiting, waiting lists. we know how much, we all know how much, how stretched nhs so i was stretched the nhs are. so i was having use private funds having to use private the funds that was in there in my um, bank account was from the dwp and from personal personal independence payment. that money was frozen from me. um, and i had to cancel my therapy because they wouldn't, they wouldn't give me access to it. >> but even when you were, when you were str

the financial conduct authority's has now set out a 14—point plan to make sure that providers are communicatingf his twitter headquarters. this new x sign is emitting a blinding white pulsing light, which is annoying his neighbours in a high—rise on the other side of the street. you can imagine. but is the broader change annoying twitter users? how many have been searching the little blue box only to find it has changed to something that looks like a gym app? why can you still log on to twitter.com and be invited to tweet? is this rebrand the x factor that twitter needed or are you about to give it the bird? some say it's the genius of the man—child musk, others the biggest marketing bomb since cardiff city started wearing red. the bluebirds! live now to eddie hammerman, brand expert and managing director of the 10 group — a marketing and communications agency. i always think of snicker, marathon bars that turned to snicker as a rebranding fiasco. is this one of them? ~ . ., , rebranding fiasco. is this one of them? ~ .., , �* , rebranding fiasco. is this one of them? , �*, ., them? well, it co

between that and people accessing wider bank basic banking services and seeing what the financial conduct authoritybeing involved if necessary. so of course, it's important to learn the wider lessons with regard to dame alison rose, i think it was a matter for her and for the board of natwest to make this decision on the basis of the information available to them. but i thought it was remarkable last night to see how quickly the prime minister and the chancellor weighed in on her future. if only they'd wade in as quickly on the future of, say, gavin williamson or nadine zahawi or dominic raab when they were putting their own house in order. i think this government might be in a much better position, but of course we need to look at this particular case. we've obviously seen a lot of coverage of it in recent days , coverage of it in recent days, but we then need to look at it carefully and then look at obviously the wider lessons going forward. certainly nick, nick and who is going to wade in and this is a big subject that you , the labour party, want to you, the labour party, want to highlight toda

the financial conduct authority is going shame stingy banks. going to shame stingy banks. >> yeah, bankss on less than 30% of interest rate rises to savers. the fca fines, which is kind of incredible because obviously they're not. they're it's not like it works. the other way round. no, like they're not if you've got a mortgage or whatever , we have to mortgage or whatever, we have to put it up. yeah. so that's it. and it's just like with, with petrol as well. it's like it's quick to go up to go down quick to go up slow to go down whatever the equivalent is sticky the idea sticky ratcheting. so the idea is going to shame these is it's going to shame these institutions . i people institutions. but i think people kind know what's going on and kind of know what's going on and i think ultimately i think it's 23% of people have changed their accounts recently. in the last encouraging, which accounts recently. in the last encouraging , which actually is encouraging, which actually is much thought . i much more than i thought. i haven't aware that haven't i'm aware that i'm getting shafted and

>> well, the financial conduct authority investigate authority should now investigate the whole thingstigate why, for example , investigate why, for example, the boss of coutts, the subpar of the natwest bank actually, as i think the horrible phrase is d bank. i think the horrible phrase is d bank . nigel farage i mean it's bank. nigel farage i mean it's horrific, but most importantly we just mustn't lose the plot here. the person at the top of the bank, the ceo. so if they leaked information about a client's account, it should be a summary offence. you're fired . summary offence. you're fired. >> so why rachel reeves then? is saying that it's she. she thinks that it's more vendetta because she's a woman and that there's. do you do you think there's any thatis do you do you think there's any that is relevant in any way to this ? this? >> well, again, i don't want to discuss this in a way that somehow, as it were, takes the heat off the issue that natwest. well, no, we're not taking the heat of the issue. heat out of the issue. >> but but what we are doing and talking about i think rac

people will want to hold for more than two or three years so how do you feel about the uk financial conduct authority's proposed rules on crypto assets because we might end up somewhere closer to where they're headed >> look, i feel very good about what we have seen, not just from the uk, but frankly, the fact that the eu, 27 countries came together to create something called mica. the fact that we can't have one country, the united states, provide leadership or clarity. but look, john, i'll take the other side of what you said. there is now clarity the rule of law in the united states is clear that xrp is not a security when traded on exchanges, when used for payment. there's a whole bunch of things in the judge's ruling that make it very clear about xrp. the fcc has been clear about this, too. it might be good for bit coinbase and xrp, but it's why we have been calling for clarity for years, even before this lawsuit. i think it's a call to action from congress. you saw representatives tweeting yesterday that this really is yet another call to action and i'm optimistic we are going to see some forward

now the financial conduct authority is talking to the nat west group about its handling of the account moment we'll be hearing from a banking commentator who thinks coutt�*s actions werejustified, and nigel farage himself, but first, here's sima. should your views or comments be taken into consideration by your bank? that is the question many have been discussing after nigel farage says he was let go by coutts bank because of his political views. a a0 page dossier obtained by him from coutts appears to show some of the bank's views on the former politician. it says... bbc news has previously reported a coutts source claimed that his account was being closed because he fell below the financial threshold. he believes that is not the real reason. the bank says it did offer him another account in the wider company. this dossier claims that nigel farage is a fan of enoch powell, that he is an ally of donald trump. yes, undoubtedly two controversial characters. but should liking them or agreeing with them play a part in who you can bank with? newsnight understands that mr farage�*s commercia

several mps, including sir iain duncan smith , warns that the duncan smith, warns that the financial conduct authoritye inadvertently encouraged the culture within banking that led to nigel farage losing his coutts account . they say the fca coutts account. they say the fca should be investigated . the should be investigated. the pubuc should be investigated. the public has a right to camp in dartmoor national park, according to a ruling by the court of appeal . it comes after court of appeal. it comes after a high court judge previously ruled against granting people the right to pitch tents overnight without obtaining landowner's permission. farmers alexander and diana darwell brought a successful legal challenge against the dartmoor national park authority , arguing national park authority, arguing the camp has destroyed the environment . the camp has destroyed the environment. but the camp has destroyed the environment . but the park environment. but the park authority, however , asked appeal authority, however, asked appeal judges to overturn the ruling. earlier this month to just stop oil. protes

the trouble is that the financial conduct authority my view, authority is, in my view, a pretty useless, even pretty useless regulator, even though minister andrew though the city minister andrew griffiths, has written to them. now again, he wrote now again, i think he wrote maybe it was a different minister has written to them saying to look this saying you need to look at this and socks up. they've and pull your socks up. they've been to do a review, been asked to do a review, they've been in law. now that they've been in law. now that they have to do a review of how politically exposed persons are deau politically exposed persons are dealt as i say, dealt with, which as i say, doesn't cover farage doesn't cover nigel farage whatever. alison rose tries to say welcomes say and she says she welcomes that fact is that review. but the fact is that review. but the fact is that this is happening, this sort thing happening to sort of thing is happening to politicians, diplomat politicians, judges, diplomat outs and their families through outs and their families through out the country, and t

really quite coots could really be in quite a lot of trouble, according to the financial authority, the financial conductk regulator, the code of conduct , bank regulator, the code of conduct, banks have to treat people fairly and consistently. >> now it seems like there's quite a lot of inconsistent see in the way that coots has been treating its customers. for treating its customers. so, for example , coots has had, as example, coots has had, as previous customers , mean, previous customers, i mean, we're bit far into we're going a bit far back into history the head of the history now, but the head of the mafia in in the 90s was money laundered $200 million through their coots account . right. and their coots account. right. and that all seemed to be okay last yeah that all seemed to be okay last year. that do you remember that scandal with the then prince charles that his fund and that took £1 million from a from a saudi qatari investor and it was all very murky indeed that was all very murky indeed that was all done through coots right . all done through coots right. they allowed the now king's fund

the financial conduct authority's has now set out a 14—point plan to make sure that providers are communicatingcovered global politics but - of a election and explain. i have covered global politics but all. covered global politics but all potitics — covered global politics but all potitics is _ covered global politics but all politics is local _ covered global politics but all politics is local and _ covered global politics but all politics is local and it's- covered global politics but all- politics is local and it's becoming quite _ politics is local and it's becoming quite tocat— politics is local and it's becoming quite tocat irr— politics is local and it's becoming quite local in scotland _ politics is local and it's becoming quite local in scotland and - politics is local and it's becoming quite local in scotland and the i quite local in scotland and the parties — quite local in scotland and the parties for— quite local in scotland and the parties for hamilton _ quite local in scotland and the parties for hamilton west - quite local in scotland and the parties for hamilton west and i qui

one thing that we haven't really talked about is the role of the financial conduct authority.verseeing coots and td and natwest in the promotion of these, what i would call device policies. and then, of course , the breach of private of course, the breach of private information. well, the bank of england has gone quite wild on this anyway. >> that it's discouraged lending to the oil and gas sector. it redesigned its logo to show it was more inclusive and all that sort of nonsense , even spent sort of nonsense, even spent money on that rather than focusing on dealing with inflation, its primary responsibility and making banks keep information confidential, which is there, which is absolutely fundamental aspect of banking . and this is the thing banking. and this is the thing that really surprises me about the board of natwest is that when i heard that dame alison and i heard in the gb news studio had admitted that she was the source, i knew immediately she go and that it would she had to go and that it would be hours or days at most. i cannot understand why the board didn't get

one thing that we haven't really talked about is the role of the financial conduct authority.verseeing coots and td and natwest in the promotion of these, what i would call device policies. and then, of course , the breach of private of course, the breach of private information. well, the bank of england has gone quite wild on this anyway. >> that it's discouraged lending to the oil and gas sector. it redesigned its logo to show it was more inclusive and all that sort of nonsense , even spent sort of nonsense, even spent money on that rather than focusing on dealing with inflation, its primary responsibility and making banks keep information confidential, which is there, which is absolutely fundamental aspect of banking . and this is the thing banking. and this is the thing that really surprises me about the board of natwest is that when i heard that dame alison and i heard in the gb news studio had admitted that she was the source, i knew immediately she go and that it would she had to go and that it would be hours or days at most. i cannot understand why the board didn't get

letter, which is signed by several mps, including sir iain duncan smith, warns that the financial conduct authoritye inadvertently encouraged the culture within banking that led to nigel farage losing his coutts account . they say the fca coutts account. they say the fca should now be investigated a victory for the public. now anyone has the right to camp in dartmoor national park. that's according to a ruling by the court of appeal and it comes after a high court judge previously ruled against it, granting people the right to pitch tents or wild camp overnight . right, without overnight. right, without obtaining landowners permission farmers. alexander and diana darwall brought a successful challenge against the dartmoor national park authority , arguing national park authority, arguing that camp has destroyed the environment while the park authority asked appeal judges to overturn the ruling earlier this month to just stop oil. protesters have lost their appeal to have their jail terms reduced . morgan trowland and reduced. morgan trowland and marcus decker scaled a bridge on the dartford crossin

so the financial conduct authority , the financial conduct authority, the fca, have a big role in this and that is what i think this latest fuss will help resolve. and i know that andrew griffiths, the minister, you may want to get on the programme, will be explaining to parliament the further measures that will be taken. >> it isn't raging a lot of >> well it isn't raging a lot of people. before we say goodbye to you, can't my eyes off you, i can't take my eyes off your union. jack behind you there. just there. grant shapps. i'm just curious. we were talking about a lot naval matters . is that a lot of naval matters. is that a is that naval ensign ? is that is that a naval ensign? is that is that a naval ensign? is that is that. >> i about to point >> i was about to point out exactly that when you exactly that to you when you said union, jack. said the union, jack. >> is in fact, the red >> it is in fact, the red enzyme, which is the naval flag , which i'm particularly fond of, but i have others here as well. i have a ukrainian flag and i have there's a civil aviation flag, much less

officials from the financial conduct authority are meeting with bosses from hsbc, natwest, lloyds and behind and the cost of mortgages. recent data shows the average saving rate savings rate stands at 2.48. the average two and five year fixed mortgage rate recently passed 6. communities across england and wales will see more police patrolling hot spot areas of anti—social behaviour. the move marks the next steps in delivering the prime minister's action plan to build stronger communities . offenders will face communities. offenders will face tougher and swifter consequences, including being made to repair any damage they've caused. home secretary suella braverman says anti—social behaviour caused misery to many more visible , misery to many more visible, integrated, responsive policing integrated, responsive policing in communities is responding to issues like vandalism, like graffiti, like gangs , loitering graffiti, like gangs, loitering and congregating in a hostile and congregating in a hostile and aggressive way . police and aggressive way. police forces across britain have carri

should it be the financial ombudsman or should it be the financial conduct authority?es seem that this, all that part of this, it's all fallen between the stools, if you like. >> w- you like. >> the moment it the >> well, at the moment it the decision anything as far as decision for anything as far as any public company is concerned is, of course, that of the boards because the board has to say, right here's the law, here's the regulation. this is how to we wish conduct ourselves and can i say at this point that there's been huge sea change there's been a huge sea change in the whole culture in side banks and for the better and we do see that in the way that they deal with their customers and we also see it in the way that people some of the things people complain about, like, for example, did i have to example, why did i have to justify transaction ? i was justify that transaction? i was only paying a pound. so but that is interrupt. is sorry to interrupt. >> nigel farage asks for >> so when nigel farage asks for a cultural change, you a culture cultural change, you t

letter, which is signed by several mps, including sir iain duncan smith, warned that the financial conduct authoritye within banking that led to nigel farage losing his coutts account. they say the fca should be investigated . a should be investigated. a british man has been released from prison in cyprus after being sentenced for the manslaughter of his wife. david hunter was given a two yearjail hunter was given a two year jail term for killing his seriously ill wife at their home in paphos in 2021. the 76 year old has been released after cypriot authorities calculated his time to serve. david hunter claimed his wife asked him to end her life as she suffered from blood cancen life as she suffered from blood cancer. he spoke of his relief outside court . outside court. >> thank all the people who've donated to me , and especially my donated to me, and especially my mates, my workmates . i don't mates, my workmates. i don't know where i'd be without . i know where i'd be without. i hope i'm feeling the same as my family when i'm talking about that. i'm talking about all my lads and all the families

. >> there's the financial conduct authority and there's , of authority and there's, of course, the bank england is really the bank of england is really the bank of england is really the regulator there because the lead regulator there because it together with the chancellor of the exchequer , they appoint of the exchequer, they appoint the of financial the chairman of the financial conduct authority, and it's their job conduct authority, and it's theirjob supervise the banks their job to supervise the banks and how they conduct their work. i mean, i think that we must all understand that being in the banking sector, particularly the retail banking sector, is a very fragile business and it entirely turns on consumer confidence and the risk in all this is that consumer confidence is lost all around. >> yeah, right. around. >> yeah, right . let's move on to >> yeah, right. let's move on to two other stories, daily mail front page. they have been running this one for a few days now. claire and they're talking about these immigration lawyers. and they went undercover to and they seemed to ha

the chief executives of lloyds, hsbc, natwest and barclays are to meet the financial conduct authorityhe banks the pricing of cash savings and how they communicated with their customers on rates. it comes as banks have been accused of profiteering. the government says it will change the law to ensure fuel retailers publish their prices to combat overcharging after a watchdog said motorists paid an average of 6p extra per litre for petrol and diesel at supermarkets last year. we'rejoined now by our chief political correspondent, nick eardley. nick, what more can you tell us? the government thinks that motorists are being used as cash cows. that is how one minister put it yesterday, people being ripped off by the prices. since the war in ukraine, the cost of petrol and diesel has come up and then started to fall. as it went up because we were paying went up as well. it is not falling as fast as the price of wholesale gas has fallen. basically, what the watchdog has found is that the margins that supermarkets are making where basically the amount they buy it for versus the amount they sel

financial conduct authority doing what they call robust action for: that do not transfer benefits of natwest, and hsbc have been looking back at the rate hikes from january to may. it is been 51% fixed term deposit. this is where the bulk of savings are going in and put in your money and take it back when you want. lisa: has it been that in the u.s.? if you have a deposit account you are probably still getting zero in the united states. -- tom: can't british people go to any money market? jonathan: there is very little incentive to pass it through, but ultimately the regulator wants to do something about it. i am waiting to see how much teeth this has and we will see. tom: i would like to talk to a watchdog this morning. we will do that in a moment we have someone joining us with one of the toughest jobs, our guest from bny mellon. he had to do the gradebook book on financial stability. what is the financial stability in america looking like? >> it's better been 2008 but that does not say much, does it? it is helpful that the balance sheet with households and corporate have been much

you can't go to the financial ombudsman, the financial conduct authority have no say in this matter. arge me when there's just not enough information? and what regulation will do ? i mean, there's been will do? i mean, there's been threats that the big players will pull out and i assume that's what government are that's what the government are worried they're worried about, that they're going pulling out and going to be pulling out and therefore limit the options for consumers the consumers. but actually, the head himself said, head of the fca himself said, i don't see that that's an issue and we're going to plough on ahead. it shouldn't if you ahead. and it shouldn't if you do thing and you do the right thing and you follow why shouldn't follow regulation, why shouldn't you be looked at? look at by a regulator and consumers protected . protected. >> okay. georgie frost, really good to speak to you this morning . it certainly is a worry morning. it certainly is a worry . i mean, i use it quite often for big purchases. apple, airpods a month or two ago and i put it on one of these buy

financial conduct authority.e at court with the— slammed on the idea that we will be at court with the very latest ener— be at court with the very latest erier rnie— waiter or waitress. absolutely . waiter or waitress. absolutely. you're listening to gb news radio . welcome back to the live radio. welcome back to the live geek.— radio. welcome back to the live week. we— radio. welcome back to the live week. we wee— radio. welcome back to the live desk. we were telling— 3a: welcome back to the live desk. we were telling you weerereew— desk. we were telling you yesterday the _ desk. we were telling you yesterday the government was savingr — yesterday the government was sayingr — yesterday the government was saying, no, orkney, you're erewing— saying, no, orkney, you're erewing witn— saying, no, orkney, you're staying with us. however, in the ieei— staying with us. however, in the we rew— staying with us. however, in the last few minutes— staying with us. however, in the last few minutes we can tell you iner— last f

interests me is the missing bit because the missing player in all of this scandal has been the financial conduct authority regulating banks and there regulating the banks and only the last couple of weeks only in the last couple of weeks they've brought into force their what call their customer what they call their customer duty, on financial duty, a new duty on financial institutions to treat customers fairly and well. >> and of course, where have they been when it came to enforcing that duty? has mr farage actually had his bank account given back to him yet? no. where have they been? the only thing we've heard from them is official briefing. off the is an official briefing. off the record that they thought it was a little bit odd that government pressure should force alison rose out as if it was government pressure that forced her out rather than her own mistakes. >> do you think we'll see the natwest chairman, sir howard davies, go next after rishi sunak refused to publicly back him ? him? >> i don't think it's that. i think it's very difficult position for him. natwest has lost control of events you'r

we've got nicola riley from the financial conduct authority . we've got conduct authority.eighing in, le. what powers does a bank have ? what should they tell us have? what should they tell us and what powers then do we have to challenge it? i guess? >> well, exactly. so this isn't just a problem with coutts nigel farage claims that he's tried to try to get a banking contract with ten different banks and has been refused by all of them and other political figures have claimed that they've been refused by, by banks apart from coutts, we know for example, that jeremy hunt was refused by monzo and they didn't give a reason. >> the chancellor can't get a bank account for the rest of us. >> yeah, well exactly. and yesterday rishi sunak said in prime minister's questions that he is planning on bringing in new laws which would clamp down on banks being able to turn away customers without giving any reason for it. as things stand, a bank can just say no without explaining why, and it sounds as though the government is going to try and crack down on that in in the weeks and months a

officials from the financial conduct authority are meeting with bosses from hsbc , natwest, lloyds andlloyds and barclays . they will ask why barclays. they will ask why savers interest rates are lagging behind the cost of mortgages. recent data shows the average savings rate stands at 2.48. the average two and five year fixed mortgage rate recently passed 6% and showed police forces across britain have carried out the largest ever crackdown on cannabis farms, raiding more than 1000 facilities during the month long raid. 200,000 plants were seized, worth £130 million. a thousand suspects were arrested . the raids involved every police force in england, wales and scotland . this is gb news. and scotland. this is gb news. we'll bring you more as it happens. now, though, it's back over to mark and . over to mark and. pip >> rhiannon, thanks very much indeed. and let's update you with this breaking news here on the live desk with nine people, including we now including seven children. we now know being treated after a land rover crashed into a girls primary or prep school in south—west lon

and that leads you to the inevitable question of where was the financial conduct authority through alle running two banks regulating two banks which are running amok as far as various regulators are concerned, and wrapping themselves , as i say, in this themselves, as i say, in this cloak of moral rectitude, given to them by the regulatory framework which has to be debunked and debug and ejected . debunked and debug and ejected. >> let's bring kevin in here. kevin schofield from huffpost uk. kevin, i'm really surprised that the labour party finds it almost impossible to splutter the words. nigel farage and this is appalling what's happened to him. all they appear to be doing is saying there's other , more is saying there's other, more important things to do. and why don't tories get stuck into don't the tories get stuck into other where they judge other companies where they judge things to be doing badly ? things to be doing badly? >> yeah, i think labour have been caught out slightly here is they've not wanted to basically support nigel farage. think we can all take an educated guess

the financial conduct authority has called a meeting with the major banks over allegations of profiteering mps surrounding interest rates. mps are pushing for increased savings rates and they've criticised for banks for lagging behind in that. when it comes to the rising cost of mortgages . the rising cost of mortgages. the foreign secretary has criticised the hong kong police's decision to issue arrest warrants for eight overseas activists. james cleverly says the uk won't tolerate china's attempt to intimidate those individuals and the uk is committed to defending the uk is committed to defending the universal right to freedom of expression. authorities in hong kong claim the activists are encouraging sanctions against china and are aiming to undermine the region's stability . and the last surviving member of the french commando unit that landed on the normandy beaches dunng landed on the normandy beaches during the d—day invasion has died at the age of 100. leon gaultier played a vital role in the liberation of france from german occupation in 1944. president emmanuel macron says gaulti

create a mechanism where they create a mechanism most likely for regulators, the financial authority , financial conduct, giving more powers to say giving them more powers to say to banks that actually you can't remove someone's ability to open an account with you just because you don't like their political views. so this is going to be an interesting couple of weeks to see what that legislation looks like, to see the pros and cons of it. but, know, this is of it. but, you know, this is going to be something that the government see as government clearly see as a political for themselves. political win for themselves. and all the front and it's all over the front papers morning papers this morning where there's inflation and there's inflation figures and other news that could have taken that spot. so a big and that spot. so a big story and i think it's going to be something that we see changing the law in this country . this country. >> okay. good to see you, as always, liam. we'll catch you a little on. little bit later on. >> thank very much. >> thank you very much. >> thank you very much. >> you up to

in the economy, but those cases are clearly there and the government and i presume the financial conduct authority compliance that is meant to take place has been oven meant to take place has been over. jealous yes, there must be many banks who are quite worried about the potential for, well, thousands of subject access requests and huge amounts of paperwork to go through to give people. >> the reason why their bank account was closed. i'm sure they'll have it all on record and ready to go, but i imagine these things take a lot, a lot of time and a lot of stress as well for a lot of bank managers now, a lot has been made of natwest's, so soaring profits is it fair to say that banks are profiting from our misery? many people will highlight how we don't receive high interest rates when it comes to our savings and our deposits. but when it comes to our mortgages, well, we see those rates go up sky high as soon as the bank rate changes. >> well, it's interesting , of >> well, it's interesting, of course, the government has held very significantly in making sure the bank survived through covid. they ha