Regulatory Investigations Update - December 2014

2014 has seen the end of the FCA’s first full year of operation, fines at their highest level ever and the ongoing drive on the part of regulators to emphasise the importance of culture within financial services firms beginning to gain traction.

It also closed with a critical report into the FCA’s handling of price sensitive information, some high-profile departures and a significant organisational restructure. 2015 will no doubt contain further challenges with which firms and individuals must grapple, not least the introduction of the new Senior Managers Regime for banks and a modified version of the scheme for insurers.

Notwithstanding its clear public and political mandate to pursue its objectives, the regulators will need to ensure that they maintain credibility with those operating in the financial services sector, if they are to achieve lasting success.

Download entire issue (as pdf)