Five simple rules: Understanding the regulator just got easier

The Financial Conduct Authority's (FCA) announcement in January that uncovered no evidence of retrospective regulation only served to highlight that there continues to be a chasm between how the financial services industry interprets the actions of the regulator and what it intends in practice. The industry may be struggling to adapt to the way in which the regulator evolves its stance over time, but there are steps that firms can take to make it easier. Rules evolution The FCA's exploratory work into retrospective regulation uncovered a number of cases where perceived retrospecti...