FCA

Expect update later this year, regulator says

Says regulator neglected to act on claims of potential fraud for more than two years

Framework designed to shift focus from costs to long-term value and deliver better outcomes

Comes as the regulator builds on its footprint in the city

Asset management firm to stop operating regulated UK business

Biggest businesses were more likely to be loss making

'There is a need to act to address harm'

The regulator marks one year since the Consumer Duty was implemented

London Stone Securities can no longer undertake any regulated activity

Group will take an evidence-based approach, FitzPatrick says