Compliance: Are your board's skills up to scratch?

As the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) near their five-month anniversary, what has changed? To my mind, the major changes taking place in the regulator's approach reflect its concentration on behavioural issues such as business ethics and cultural attitudes, particularly in the behaviour of boards and senior management and the manner in which business is conducted. The FCA has made it very clear that it is not simply looking at a firm's adherence to the rulebook but that it will take a view on the broader issues of morals and outcomes. Gi...