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FCA chief: We can’t solve every problem with new rules

The Financial Conduct Authority will avoid introducing fresh rules as its stock response to new forms of market failure, its boss has said, as the regulator looks to avoid time-consuming consultation ...
FTAdviser

The industry should be more than 'prescriptive rules'

The Personal Finance Society has called for a culture in which advisers can "go ahead and do the right thing for clients" rather than solely following "prescriptive rules". Keith Richards, chief ...
JD Supra

UK Consumer Duty rule review: FCA sets out ‘targeted steps’ to simplify requirements for firms

Following feedback to its July 2024 Call for Input (CfI) on placing greater reliance on the Consumer Duty instead of specific rules and guidance, the FCA won’t be carrying out a wholesale Handbook ...
JD Supra

Governance Under CRD VI: Harmonized EU Requirements

The Situation: Prior to the enactment of Capital Requirements Directive ("CRD") VI, corporate governance rules for the financial services industry were not harmonized across EU Member States. The ...