The Financial Conduct Authority (FCA) is showing signs of an impending overhaul of conduct regulation should politics and the industry allow it, according to a prominent consultancy.
Lansons public affairs and regulatory consulting board director Richard Hobbs said in a blog post that there were signs that the FCA was looking for a fresh approach to conduct regulation but would not be able to innovate without the help from the industry. The post, which was published by the Chartered Insurance Institute (CII) as part of its Thinkpiece series, pointed out that the FCA had been given new objectives for market regulation. In particular, the FCA was handed the objective of promoting effective competition in the interests of consumers, Hobbs said. This includes facil...
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