The Financial Conduct Authority (FCA) is likely to apply more scrutiny to companies' boards prior to implementing its new senior person's regime, a consultancy has suggested.
The Consulting Consortium head of policy Rebecca Prestage (pictured) suggested that actions reminiscent of the Financial Services Authority's clamp-down on Prudential chief executive Tidjane Thiam earlier this year would inform the future approach of the Financial Conduct Authority (FCA) in dealing with senior persons. She said: "[The regulator] doesn't want a situation where a board has a different ethos to a firm. They want the ethos to trickle down the firm and will make senior people more accountable for their actions." She suggested that the regulator would perform more public ce...
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