The Financial Conduct Authority has published a policy statement in which it set outs how it will use it powers, as part of its supervisory approach, to address firms' failures in standards, governance and culture: see here (pdf). The statement includes examples of how the FCA has intervened where governance failures have been identified and it also explains the operation of the FCA's new enhanced supervision regime.
Monday 23 June 2014
UK: FCA policy statement - addressing failings in standards, governance and culture
The Financial Conduct Authority has published a policy statement in which it set outs how it will use it powers, as part of its supervisory approach, to address firms' failures in standards, governance and culture: see here (pdf). The statement includes examples of how the FCA has intervened where governance failures have been identified and it also explains the operation of the FCA's new enhanced supervision regime.
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