FCA: More company investigations 'inevitable'

Change of approach at the regulator

Carmen Reichman
clock • 2 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

No naming without shaming? The FCA's transparency plans

No naming without shaming? The FCA's transparency plans

The impact of the FCA’s plans to name firms under investigation

Chris Croft
clock 27 March 2024 • 4 min read
FSCS declares three financial advisory firms in default

FSCS declares three financial advisory firms in default

Latest batch of failed firms revealed by lifeboat fund

Jenna Brown
clock 25 March 2024 • 1 min read
FCA commits to fast authorisations to boost finance sector

FCA commits to fast authorisations to boost finance sector

The regulator’s latest business plan highlights this focus

Sahar Nazir
clock 19 March 2024 • 1 min read