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FCA week in review July 10 – 16, 2023

FCA HQ No 12 Endeavour Square
Photo: FCA

Two major enforcement actions, moves on mortgages and crypto ATMs.

A relatively quiet week for the FCA nonetheless saw a major speech from CEO Nikhil Rathi on the regulatory approach to big tech and AI.

Enforcement

A fine of £2,452,700 ($3,209,713) has been levied on Bastion Capital London Limited after the firm was found to have failed to manage the risk of