FCA pledges cooperation with firms to mitigate enforcement

The regulator said in a consultation paper on enforcement published on 14 April it would increase its efforts to make firms understand where a response to a breach of the regulatory requirements was a factor in deciding not to take enforcement action. It already publishes such material, but wants to reach out further to firms by highlighting cases where the extent of cooperation was a large factor in deciding not to refer a case to enforcement. The regulator launched its consultation in response to a Treasury review first published on 18 December 2014, which focused on the transparenc...