Financial

Tesco Bank has been fined £16.4m by the Financial Conduct Authority (FCA) for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber-attack in November 2016.

https://www.computerweekly.com/news/252449747/Tesco-Bank-gets-first-cyber-related-FCA-fine

The advertising watchdog has ruled Lloyds shouldn't be forced to ditch the claim it is "by your side" because HBos employees were found guilty of fraud.

https://www.ftadviser.com/mortgages/2018/10/05/watchdog-rejects-complaint-about-lloyds-puffery/

Banks in the UK will need to apply to the Financial Conduct Authority (FCA) by 14 June 2019 for an exemption from a central regulatory requirement of EU payment services laws.

https://www.out-law.com/en/articles/2018/september/fca-sets-psd2-interface-deadlines/

The UK's Treasury Select Committee has published a fairly strongly-worded report into "crypto-assets"

https://publications.parliament.uk/pa/cm201719/cmselect/cmtreasy/910/91002.htm

Moves to reimburse consumers who fall victim to push payment fraud has come a step closer with the publication of a draft voluntary code drawn up by a steering group of UK banks and consumer rights campaigners.

https://www.finextra.com/newsarticle/32712/new-legislation-may-be-needed-to-address-app-fraud

And as new research from financial services industry trade body, UK Finance reveals, bank account fraud – much of it carried out by means of simple confidence tricks – cost Britons more than £500 million in the first six months of 2018.

https://www.cashlady.com/news/payment-fraud-costs-customers-500-but-are-banks-playing-fair/

Scammers stole more than £500 million from UK bank customers in the first half of 2018, figures have shown.

https://www.shropshirestar.com/news/uk-news/2018/09/24/banks-urged-to-step-up-as-fraudsters-steal-500m-from-uk-customers/

The ringleader of a £2.8m fraud has been jailed for 13 years after being prosecuted by the Financial Conduct Authority.

https://www.ftadviser.com/regulation/2018/09/17/ringleader-of-2-8m-fraud-jailed-for-13-years/

Banks called in to help battle against consumer scams Save Save Banks stopped £1.4bn of fraud last year, but customers still lost almost £1bn through scams

https://gooruf.com/uk/news/2018/09/16/banks-called-in-to-help-battle-against-consumer-scams/

Police Scotland have been asked by MPs to investigate individuals implicated in a £245 million fraud at HBOS Reading that destroyed scores of small businesses.

http://www.thenational.scot/news/16882530.mps-ask-police-scotland-to-examine-hbos-fraud/