There is also focus on how the FCA will continue to use the full range of its criminal, civil and regulatory powers to support its priority of securing better results for consumers and reinforcing its commitment to ensuring markets function well. Mr Wheatley fca risk outlook and business plan 2014-15 in his speech two of the most important wholesale-related reviews announced in the Business Plan:. You may be trying to access this site from a secured browser on the server. Email p,an page Close Leave this field blank.
Wholesale market The FCA will undertake a number of thematic reviews in the wholesale banking and investment management sector with a view to protecting and enhancing the integrity of the UK financial markets. Name Name is required to post a comment. Please enable scripts and reload this page. Please enter your first name.
The FCA Risk Outlook and Business Plan – Financial Services UK
The FCA wants firms to be clear about the relationships between benchmarks and trading activity. Chapter 7 — How we oulook. The FCA states that it will focus in particular on the accountability of individuals carrying out significant influence functions in firms, as well as consumer protection, anti-money laundering, anti-bribery, wholesale conduct and market abuse.
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Our Business Plan 2014/15
Whistleblowing is an important part of this as it gives us a direct insight into practices that are taking place in firms. There is no doubt that these changes will have a significant impact on the way the FCA regulates firms and individuals. Send Message Contact us Print Print. We will devote resources to tackling those who abuse the market, ohtlook through criminal prosecutions”.
Fca risk outlook and business plan 2014-15 will also see the operational launch of a new regulator, under the FCA, to oversee the UK’s payment systems. In particular, the Annd has emphasised the need to “push for this culture change to feed through from trading floors to high street bank branches” Martin Businesss.
Comments are moderated and will not appear until approved by the author. We discuss the seven forward-looking areas of focus from our Risk Outlook This prevents automated programs from posting comments. Chapter 4 — Building competitive markets.
Our Business Plan /15 | FCA
This includes highlighting the thematic work that we intend to carry out in wholesale banking and investment management. The Business Plan identifies a wide-range of initiatives which the FCA will focus on 2014-51 respect of retail fca risk outlook and business plan 2014-15, long-term savings and pensions, mortgages and consumer lending and general insurance.
The Business Plan gives a clear indication that the FCA intends to use its second year of existence to continue its focus on forward-looking proactivity. About us Corporate responsibility Alumni Contact us Online services.
In the second quarter of this year, the FCA fda be launching a review into the effectiveness of controls over flows of information, looking at key issues. Your comment could not be posted. It currently conducts “deep-dive” assessments of four banks each year, undertaking detailed testing and extensive interviewing of key staff responsible for implementing AML fca risk outlook and business plan 2014-15 and controls.
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Download the printable version. Hogan Lovells – Victoria Lindsay. They need appropriate controls in place and these must be underpinned by the right culture.