Monday, October 2News That Matters
Shadow

Tag: Watchdogs

Three resists watchdog’s call for ‘fairer’ mobile phone fees

Three resists watchdog’s call for ‘fairer’ mobile phone fees

Technology
The UK's telecom regulator has said Three is the only major UK mobile network to have "refused" to automatically cut its customers' monthly charge at the end of their contract's lock-in period.As a result, Ofcom said, the firm's subscribers would "overpay" unless they took action to change to another deal.The watchdog said it had challenged the industry to treat users more fairly.But Three has said that customers were often happy to stay on the same deal."Many consumers are happy with the service that they are paying for and may choose to take no action, particularly if the consumer feels that there is not an equivalent, better value, service that meets their needs," it said in a consultation filing."Moving consumers to a default tariff, on an opt-out bas...
Watchdogs to fine Barclays boss over whistleblower

Watchdogs to fine Barclays boss over whistleblower

Business
UK financial regulators plan to fine Barclays chief executive Jes Staley over attempts to uncover the author of an anonymous letter.The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) opened an investigation in 2017 looking at Mr Staley's alleged attempt to unmask an employee who wrote a letter raising concerns about the recruitment of a senior employee.According to Barclays, regulators have found Mr Staley's actions represented a breach of individual conduct rules that relates to a "requirement to act with due skill, care and, diligence"."Each have proposed that he pay a financial penalty," Barclays said."The FCA and PRA are not alleging that he acted with a lack of integrity or that he lacks fitness and propriety to continue to perform his role as Group Chief ...