What the supervision shift means for your firm

What the supervision shift means for your firm

clock

Regulatory supervision has moved on from the tick-boxing mentality of the FSA to focus more on culture and consumer outcomes. The Consulting Consortium's Rebecca Prestage examines the changes.

A year on from its inception, the Financial Conduct Authority (FCA) has, at long last, set out its approach to supervision for firms in a clear, single document. Firms will no doubt now be feeling a little more certain about the way in which they will be supervised, with the FCA confirming what has already been postulated by many in recent months. The regulator has stressed that it is moving away from a ‘tick-box' compliance mentality, to one centered around culture and consumer outcomes. This means firms will need to place a greater emphasis on gathering meaningful information that evid...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA updates incident and third-party reporting rules with cyber-attacks on the up

FCA updates incident and third-party reporting rules with cyber-attacks on the up

Regulator realises attacks are becoming ‘more frequent and more sophisticated’

Isabel Baxter
clock 18 March 2026 • 2 min read
FCA publishes pensions regulatory priorities report

FCA publishes pensions regulatory priorities report

Regulator sets out key priorities amid significant industry transformation

Martin Richmond
clock 12 March 2026 • 4 min read
Treasury proposals spark AR liability fears

Treasury proposals spark AR liability fears

Not expected to have ‘material’ impact on PII market but creates more risk

Isabel Baxter
clock 11 March 2026 • 4 min read