The FCA is a child of crisis, says chairman

The financial services industry must now demonstrate it can conduct itself properly and operate once again under its "own steam", Jones will say in an address to the CASS Business School in London. "The FCA is a child of crisis," he will say in the speech entitled Regulation in a Recovery. "I have argued this evening that we know how to make the new regime work well from a conduct perspective. But we are the means to the end, not the end in itself." Though the regulator has a different "mindset" than was evident in the past, the need for effective conduct regulation remains essential ...