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 […]

The FCAs Director of Supervision – Retail and Authorisations, Jonathan Davidson delivered a speech at the 2nd Annual Culture and Conduct Forum for the Financial Services Industry – here are some highlights:- The culture of regulated firms has always been core to the FCAs regulation of their conduct although Mr Davidson reiterated that the FCA […]