The financial services regulator the Financial Conduct Authority (FCA) set out what it termed a new approach to regulation at an enforcement conference on December 2.
The FCA said that its approach is to tackle issues of misconduct at an earlier stage by focusing on firms’ conduct and looking at the root causes of behaviour that lead to poor consumer outcomes and market conduct. The FCA offered how lessons learned from enforcement cases can be turned into good practice for firms.
The day opened with an address from Martin Wheatley, Chief Executive and a speech from Tracey McDermott, Director of Enforcement and Financial Crime, followed by panel discussions and breakout sessions. For more visit the FCA website.
