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United Kingdom Financial Conduct Authority (FCA) Corporate Culture

A&O Shearman

UK Financial Conduct Authority Publishes the Findings of Its Culture and Non-Financial Misconduct Survey

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The U.K. Financial Conduct Authority has published the findings from its non-financial misconduct survey. The survey, sent to 1,028 wholesale banks, brokers and insurance firms in February, aimed to examine how firms detect...more

Latham & Watkins LLP

FCA Sets Out Latest Areas of Focus Under the Consumer Duty

Latham & Watkins LLP on

FCA finds firms have been working hard to embed the Duty, but there remains room for improvement. On 20 February 2024, the FCA published more information on the Consumer Duty, including a publication highlighting good...more

A&O Shearman

D&I in FS: how to get a head-start on the FCA and PRA proposals

A&O Shearman on

This is the last post in our series on the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) proposals to introduce a new regulatory framework on diversity and inclusion (D&I) in the financial...more

A&O Shearman

Setting D&I targets: what the UK regulators expect from financial services firms

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The UK financial services’ regulators have introduced new proposals on setting diversity and inclusion (D&I) targets by firms. These proposals aim to address underrepresentation of particular demographics within firms and the...more

Littler

Regulatory Roundup – Key Developments in UK Financial Services

Littler on

In this article, we share a round-up of the key developments from a regulatory perspective for HR Professionals in UK financial services firms. This covers expected changes to the SMCR regime, regulatory remuneration...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Adopts a New Consumer Duty: Key Implications for Financial Services Firms

The UK’s Financial Conduct Authority (FCA) published final guidance (FG22/5) and a policy statement (PS22/9) for the new consumer duty (Duty) on 27 July 2022. The main rules will come into force on 31 July 2023 for existing...more

Latham & Watkins LLP

10 Key Focus Areas for UK-Regulated Financial Services Firms in 2023

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This annual publication outlines some of the primary focus areas in 2023 for UK-regulated financial services firms. The topics covered in this year’s publication reflect how the fundamental consideration of the direction...more

Goodwin

Back to Work: The FCA'S 2022-23 Priorities for Private Fund Managers

Goodwin on

​​​​​​​The late summer saw the U.K. Financial Conduct Authority issue a “Dear CEO Letter” (the Letter) setting out its Alternatives Supervisory Strategy FCA Portfolio Letter: Our Alternatives Supervision Strategy 2022. With...more

Hogan Lovells

World Whistleblowers Day – Is Your Organisation Prepared For A Whistle-Blower?

Hogan Lovells on

Observed every 23 June, World Whistleblowers Day was created by a group of non-governmental organisations to raise public awareness of the rights and protections of whistleblowers, and to tackle global corruption....more

BCLP

UK regulators and Bank of England to pool considerable powers and resources to advance D&I

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Yesterday’s joint Discussion Paper (DP21/2) published by the Bank of England, Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA, together “the regulators”) on “Diversity and inclusion in the financial...more

American Conference Institute (ACI)

[Event] Anti-Corruption London - November 2nd - 3rd, London, United Kingdom

C5's 15th International Conference on Anti-Corruption London will take place November 2 – 3, 2021 in Millennium Hotel London Knightsbridge, London. Join your peers for the IN-PERSON reunion of the legal and compliance...more

Morgan Lewis

UK Financial Conduct Authority Continues Focus on Diversity and Inclusion

Morgan Lewis on

The UK Financial Conduct Authority (FCA) has recently announced that it is considering adding a sixth question on diversity and inclusion (D&I) to its five conduct questions (5CQs). The significance of D&I has long been...more

Hogan Lovells

Funds and asset management regulatory news, September 2020 # 4

Hogan Lovells on

Culture, purpose and governance in asset management sector: FCA speech - The FCA has published a speech by Marc Teasdale, Director of Wholesale Supervision, on the drivers of culture and the role of purpose and governance...more

Latham & Watkins LLP

Culture and Conduct Ahead of Exit - Key Points for Private Equity

Latham & Watkins LLP on

Buyout firms planning an acquisition or preparing a portfolio company for exit must consider the impact of poor corporate culture, particularly on a potential IPO. No institution, whatever its geography, industry, sector,...more

Latham & Watkins LLP

FCA Calls on Firms to Develop a Purposeful Culture

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The FCA’s latest paper on culture explores how firms can improve culture through a meaningful purpose. Key Points: ..The FCA explains how it expects firms to develop a more purposeful culture, and the benefits this can...more

Robins Kaplan LLP

Financial Daily Dose 1.28.2020 | Top Story: Markets Tumble as Fears Spread Over Coronavirus Epidemic

Robins Kaplan LLP on

A mounting death toll (over 106 and counting) and fears of a coronavirus pandemic sent markets tumbling early on Monday and kicked off a selloff that continued all day....more

Robins Kaplan LLP

Financial Daily Dose 1.13.2020 | Top Story: Labor Dept. Issues Stricter Joint Employer Test in New Rules

Robins Kaplan LLP on

Sunday’s release of a long-awaited Labor Department final rule on joint employment spells trouble for workers hoping to “sue large companies for wrongdoing by contractors or franchisees.” The rule reverses Obama-era policies...more

BCLP

Funds First seminar – responding to a regulatory incident in the new world of SMCR

BCLP on

At our recent Funds First seminar we shared some technical and market issues and updates on the Senior Managers and Certification Regime (SMCR) and the FCA’s current cross-sector focus on culture. This briefing sets out some...more

A&O Shearman

UK Conduct Regulator Consults on Firms' Treatment of Vulnerable Consumers

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The U.K. Financial Conduct Authority has launched a consultation on its proposed guidance on how financial services firms should treat "vulnerable" consumers. The consultation will be divided into two stages: the first stage...more

Hogan Lovells

UK: FCA draft vulnerability guidance: embedding ‘doing the right thing’ in firms’ culture

Hogan Lovells on

The FCA has published a consultation on proposed non-Handbook guidance for firms on the fair treatment of vulnerable customers. The FCA reiterates that vulnerability is one of its key priorities and makes it clear that the...more

BCLP

FS Regulators’ Business Plans: Infographic Timeline and Summary

BCLP on

Click here for an infographic timeline summarising the FCA, PRA and PSR business plans for 2019/20, together with key EU and UK financial services developments. The Financial Conduct Authority published its business plan on...more

BCLP

In the shadow of the financial crisis – a decade on, why does the issue of culture still persist?

BCLP on

This week, Andrew Bailey, the Chief Executive of the FCA, gave his latest speech addressing the issue of culture. The speech, which was entitled “The Importance of Diversity” and given at the Personal Investment Management...more

Latham & Watkins LLP

Transforming Culture in Financial Services - The FCA Renews Its Approach

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New FCA Discussion Paper demonstrates how the regulator’s thinking in relation to culture has evolved. Introduction - In Discussion Paper (DP) 18/2, the FCA has taken an unusual approach to a topic that has received...more

WilmerHale

Culture and conduct through the lens of the UK’s Senior Managers and Certification Regime

WilmerHale on

Speaking on 20 September 2017, Jonathan Davidson—Director of Supervision for Retail and Authorisations at the Financial Conduct Authority (“FCA”)—addressed the issue of culture and conduct in financial services, in light of...more

NAVEX

Exposing Bad Practice in Financial Services – Are New Whistleblowing Regulations Working towards Encouraging a Culture of...

NAVEX on

September 2016 saw the enforcement of new rules by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) that aimed at increasing confidence amongst financial services employees and encouraging...more

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