FCA sets out to change its enforcement approach

Therese Chambers: 'We have been reflecting on the serious concerns'

Isabel Baxter
clock • 3 min read

The Financial Conduct Authority (FCA) has set out to change its approach to enforcement, its joint executive director of enforcement and market oversight Therese Chambers has said.

In a recent speech, Chambers stated that the regulator is adapting its approach to enforcement to "meet evolving threats and maximise the deterrent effect". "We are making our investigations faster and more focused to nip financial crime in the bud and send timely signals to markets and consumers," she said. A focus on financial crime Chambers highlighted that fighting against financial crime is "key" to securing positive outcomes. She said that reducing and preventing serious harm from financial crime is a focus of the FCA's current strategy and will remain a significant pilla...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA and FOS release call for input to modernise redress system

FCA and FOS release call for input to modernise redress system

Comes after Rachel Reeves’ Mansion House speech

Isabel Baxter
clock 15 November 2024 • 3 min read
Chancellor targets FOS modernisation and FCA consultation

Chancellor targets FOS modernisation and FCA consultation

Consultation part of the advice guidance boundary review

Isabel Baxter
clock 14 November 2024 • 3 min read
FCA issues warning notice against Crispin Odey over 'lack of integrity'

FCA issues warning notice against Crispin Odey over 'lack of integrity'

Regulator alleges 'reckless disregard' on governance

Cristian Angeloni
clock 04 November 2024 • 2 min read