The number of financial services senior managers to face vetting interviews with the Financial Conduct Authority (FCA) has risen by 33%, according to legal advisory business Cleveland & Co.
These 'significant influence function' interviews hit a five-year high of 183 in 2017, the firm said - a noticable increase on the 138 undertaken in 2016 and 145 back in 2013. The regulator can interview people applying for senior positions at financial services businesses to assess whether, as it puts it on its website, "they are up to the job and that they carry out their role effectively". Interviewees do not have to sit a formal exam but the watchdog expects them "to be able to demonstrate experience, competence and knowledge in the function that they apply for". The FCA is cur...
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