Regulation round-up: Enhanced supervision, Pension Schemes Bill and protection of client money

  The Financial Conduct Authority (FCA) intends to tackle serious failings of standards in firms through a new approach called 'enhanced supervision'. This applies to all firms and is a formalisation of how it supervises in practice: focusing on the root causes of failings in firms. Where a serious failure of standards poses a risk to the objectives of the regulator, and the FCA's normal approach may not enable it to tackle these issues in a timely way, the firm will be made formally subject to enhanced supervision. Indicators of the kind of failings that will prompt a firm to be p...