28

JUL

The Only Way is Up: FCA Committed to Continuing Culture Focus

Posted in: blog-cer financial

With the publication of a report into the threat of financial mis-selling by the Public Accounts Committee (PAC) identifying cultural issues as a significant contributor to the risk of future mis-selling scandals, the industry has been reminded once again of the importance the regulator places on positive culture. But internal culture is only one piece of the puzzle, firms need to consider how the culture along the whole supply chain has an impact on the treatment, and outcomes, customers

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28

JUL

MPs call for new City regulation and enforcement to be made separate

Posted in: blog-cer financial

A new regulatory body should be created to oversee the conduct of the UK banking and financial services sector, a new report has stated. Back in September of 2015, the Treasury Select Committee carried out an investigation into the collapse of the high street banking giant HBOS. As well as being critical of the decisions made by its bosses, that paper also raised important questions regarding the conduct of regulatory bodies. In particular, the cross-party group of MPs questioned why j

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