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The UK Financial Conduct Authority’s (FCA) latest consultation and feedback on the proposed Consumer Duty engages with some of the sticking points as well as providing draft rules and guidance. Whilst time is of the essence, firms should be alive to the need to flex their programmes of work while the regulator and industry work through the “iterative” implementation process and clarify some of the thornier details.
Following a year that saw firms’ operational resilience arrangements put to the test, the FCA, the PRA and the Bank of England published their long-awaited final rules and guidance on operational resilience on 29 March 2021, alongside an additional paper published by the PRA on outsourcing and third party risk management.
The Financial Conduct Authority (FCA) has warned banks and other financial institutions of its determination to clamp down on market abuse arising from virtual working. Catherine Gibaud assesses the main conduct risks and the implications of the regulatory reckoning awaiting financial institutions.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.