Community
MartinWheatley, the Financial Conduct Authority's (FCA) Chief Executive, spoke at the ABI Biennial Conference. In his speech he discussed the FCA’s first hundred days and also looked at future trends. Among other things, he said that:
He concluded explaining that the FCA would continue the credible deterrence approach. FCA represents a different and more effective regulator than its predecessor, the FSA. The emphasis will be for firms not just to adhere to the rules, but to step beyond the old reliance on technical rules and processes and take a broader position on morals and outcomes. Regulators needs to serve the market better by acting more swiftly, by intervening earlier and more intelligently to avoid crises down the line.
Related Link:
http://fca.org.uk/news/speeches/100-days-of-the-fca
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Igor Kostyuchenok SVP of Engineering at Mbanq
22 April
Steve Haley Director of Market Development and Partnerships at Mojaloop Foundation
Alex Kreger Founder & CEO at UXDA
Elaine Mullan Head of Marketing and Business Development at Corlytics
17 April
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.