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MartinWheatley, the Financial Conduct Authority's (FCA) Chief Executive, spoke at the ABI Biennial Conference. In his speech he discussed the FCA’s first hundred days and also looked at future trends. Among other things, he said that:
He concluded explaining that the FCA would continue the credible deterrence approach. FCA represents a different and more effective regulator than its predecessor, the FSA. The emphasis will be for firms not just to adhere to the rules, but to step beyond the old reliance on technical rules and processes and take a broader position on morals and outcomes. Regulators needs to serve the market better by acting more swiftly, by intervening earlier and more intelligently to avoid crises down the line.
Related Link:
http://fca.org.uk/news/speeches/100-days-of-the-fca
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