References Adamson, C., 2013, “The Importance of Culture in Driving Behaviours of Firms and How the FCA Will Assess This” Bank of England, 2012, “The PRA’s Approach to Banking Supervision” Competition Commission, 2009, “Market Investigation into Payment Protection Insurance” Financial Conduct Authority, 2015, “Lloyds Banking Group Fined £117m for Failing to Handle PPI Complaints Fairly”, …
“Misconduct risk refers to the risks attached to the way in which a firm and its staff conduct themselves. As such, it includes how customers and investors are treated, mis-selling of financial products, violation of rules and manipulation of markets.” European Systematic Risk Board (2015), “Report on misconduct risk in the banking sector” Tweet “Conduct …
On 23 October 2019, the Financial Conduct Authority (FCA) published an Insight article entitled ‘Removing our biases: some behavioural tools for the workplace’. The article considers how firms can avoid ‘groupthink’ and ensure effective organisational decision-making based on challenge and planning around existing biases. It follows on from previous FCA insight articles on diversity and developing …
Conduct Risk – FCA Insight article considers how to foster a culture of challenge Read More »
On 18 October 2019, the Financial Conduct Authority (FCA) has published Market Watch issue 62. This issue covers personal account dealing and transaction reporting. Transaction reporting In Market Watch 59, the FCA highlighted common errors observed in transaction reports. The FCA’s ongoing monitoring of transaction reports and engagement with firms has identified further data quality …
On 18 October 2019, the Financial Conduct Authority (FCA) has published Market Watch issue 62. This issue covers personal account dealing. Personal account dealing Personal account dealing (PAD) is where employees of an authorised firm trade for themselves rather than for clients. The FCA requires firms to establish appropriate rules governing PAD undertaken by relevant …
The Financial Conduct Authority (FCA) has published its latest policy development update, current as of 4 October 2019. The policy development update provides some information on the FCA’s recent and upcoming publications, but should not be regarded as comprehensive. The update notes that the following publications were issued recently: CP19/27: Quarterly Consultation Paper No 25 Handbook …
FCA latest October 2019 policy development update Read More »
