More investigations into firms are inevitable as the regulator shifts from its post-financial crisis approach towards a longer term strategy of responding to conduct risk, its director of investigations has said.
Speaking at an industry forum Jamie Symington said the regulator's approach to investigations had evolved in line with its recently published mission statement. He said the new approach meant the Financial Conduct Authority (FCA) was keen to get to the heart of a potential problem by looking at all aspects of the case before considering a variety of remedies. Symington said: "As we move forward from the crisis response towards the longer term strategy for the response to conduct risk, the FCA is transitioning to a new phase of its life. "We need to state clearly what we expect of f...
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