FCA’s Director of Markets Policy and International, David Lawton, has spoken at the Financial Risk International Forum on systemic risk posed by investment funds to the financial system, and the regulatory changes that might limit these risks. Mr Lawton identifies the ability to manage fund redemptions in an orderly way, particularly in the context of […]

The FCA’s Director of Strategy, Christopher Woolard gave a speech this week as part of UK Fintech Week. He focused on one key aspect – how can regulation foster innovation in financial services? It is important for the regulator to foster innovation as it drives competition. One of the FCA’s main challenges is to mitigate […]

The FCA has published the findings of its thematic review into advisory firms’ research and due diligence processes, including how they create centralised investment propositions (CIPs) and review products, platforms and funds to select suitable solutions for clients. The FCA reviewed the processes and procedures of thirteen advisory firms, of a range of sizes. To […]

The FCA has published the findings of its thematic review into advisory firms’ research and due diligence processes, including: how they create centralised investment propositions (CIPs) and review products, platforms and funds to select suitable solutions for clients. The FCA reviewed the processes and procedures of thirteen advisory firms, of a range of sizes. To […]

The PFS has commissioned this Good Practice Guide to help Adviser Firms develop their approach to due diligence (DD) on Discretionary Investment Managers (DIM’s) and the service they provide. The aim of this Guide is to assist member firms of all sizes address a challenging topic in an efficient and client-centric manner. This Good Practice […]

Some advice firms are putting the service they get from platforms above the service their clients get when considering products, the FCA has found. In its first thematic review of the year, the regulator looked into the due diligence carried out by financial advice firms. The FCA found firms which took part in the review […]

The PRA, the Bank of England (BoE) and the FCA have published a joint consultation paper (FCA CP16/6 / PRA CP5/16) entitled “Complaints against the Regulators”. The consultation paper sets out changes to the complaints scheme to implement new legislative provisions requiring the Complaints Commissioner (CC) to produce an annual report on their investigations and […]

The ‘London Whale’ boss at JP Morgan fined £792,900 by the Financial Conduct Authority (FCA) yesterday has slammed the regulator for its ‘unlawful’ actions and vowed to fight the decision in the Supreme Court. The FCA imposed the penalty on Achilles Macris, former head of CIO International for JP Morgan Chase Bank, for his part […]