The PRA and the FCA have separately published statements of policy on their respective approaches to investigating and reporting on regulatory failure, as required by the Financial Services Act 2012. These statements describe how the regulators will meet the new statutory requirements to investigate possible instances of their own regulatory failure and provide reports to […]

Smaller Business Practitioner Panel strengthened to help represent the compliance plights of small financial services businesses. The Smaller Business Practitioner Panel will receive beefed-up powers to help smaller financial services businesses deal with what the Financial Services Authority admits are sometimes “disproportionate” compliance demands. In the business plan for the Financial Conduct Authority, the FSA […]