On 7 April 2016, the FCA published a report setting out the findings of a thematic review it has carried out into whether, and how, asset managers are meeting investors’ expectations (TR16/3). http://bit.ly/1UMZL9R The FCA announced the thematic review in its Business Plan for 2015/16 – The aim was determine whether UK authorised investment funds […]

The FCA and PRA have published final rules on the regime to strengthen the accountability of individuals within banks, building societies and credit unions, which incorporate the Senior Managers’ Regime, the Certification Regime and a new set of Conduct Rules. Minor changes have been made in response to feedback received and the FCA’s consultation paper […]

A joint consultation, “Strengthening Accountability in Banking: A New Regulatory Framework For Individuals” has far reaching implications for bankers. The consultation takes into consideration the recommendations published by the Parliamentary Commission on Banking Standards (PCBS) in its June 2013 report Changing Banking for Good and answers the requirements of the Financial Services (Banking Reform) Act […]