Regulation’s role in promoting good culture is not to make rules around it, that was the main thrust of Andrew Bailey’s speech at the Investment Association Culture Conference.   https://www.fca.org.uk/news/speeches/role-regulation-encouraging-good-culture Andrew Bailey suggests Prescriptive rules can often undermine the original intentions as it’s impossible for a rule-book to predict every situation or eventuality. As a […]

Andrew Bailey (Chief Executive – FCA) has given a speech on culture in financial institutions at the Hong Kong Monetary Authority conference for independent non-executive directors. Mr Bailey set out his view of the respective roles of firms’ governing bodies and management and public authorities and used two case studies – concerning remuneration and governance […]