Now the fight is over a post-Brexit UK is looking at how it rises up to the challenge of having taken back control. We’ve taken a look at the recent report from the Taskforce on Innovation, Growth and Regulatory Reform…
To become, and remain, authorised regulated firms must meet Threshold Conditions at all times. This article looks at some trends and changes that mean you really do need to be paying attention to how you are meeting Threshold Conditions. FCA…
We reported in our blog about the FCA supervisory approach for 2021 that their new CEO intends to build an FCA that is “fit for a more digital future”. This stems from the vast investments in technology made by his…
The FCA has published a speech delivered by Edwin Schooling Latter, their Director of Markets and Wholesale Policy. The speech covered the future regulation of the wholesale financial markets in the UK. We have read and digested it (so you…
The Gloster and Parker reports show the FCA needs a fundamental overhaul and change in culture. Morale will likely be close to an all time low in an organisation that has struggled to attract and recruit experienced staff, something that…
The rugby ball is at the back of the ruck, with the attacking team no longer making any forward progress. “Use it or lose it” shouts the referee, forcing the attacking team to play the ball or risk it being…
For many years it has been the mantra in the FX markets that ‘spot is unregulated’. Issues such as the WMR fixing scandal have brought this into focus as has the roll out of the FX Global Code. In this…
Principle 11 is important and the most frequently quoted principle in final notices. You must be open, honest, and transparent with the PRA and FCA. You need to be telling them what they would expect to know about. First FCA…
FCA has released some new transaction reporting data which rather surprisingly states there are still no Skilled Person reviews on transaction reporting and no ongoing investigations [in Enforcement]. Although FCA does make the point that the Final Notice issued to…