The asset management industry suffers from a lack of expertise and preparedness with regard to cyber security, and is risking "serious harm to its clients" and the wider market, the FCA has warned.
In a multi-firm review of the asset management and wholesale banking sectors, the Financial Conduct Authority (FCA) also found an overreliance on third-party service providers and a lack of understanding...
What made financial headlines over the weekend?
Moves to overweight equities and fixed income
The Big Interview: Focus on ethical investment
View from the front row
'No control or oversight'