Fears have been stirred that following its bedding-in period, the Financial Conduct Authority (FCA) is beginning to flex its regulatory muscles.
A recent report in the Financial Times warned that the FCA had kicked off a series of site visits at the City’s banks and assets managers as part of an investigation probe. The office swoops were described as “the most dramatic example” so far of the FCA’s focus on making sure that elements of the wholesale markets “protect the interests of end users”.
- Losses bite at Ageas Retail after Kwik Fit closure
- Clear plots buying spree to double GWP by 2022
- Ansvar launches two charity products
- Ascot launches new MGA and hires Michael Sillat to lead
- InsurTech Futures: Hiscox partners with start-up Digital Fineprint
- Ecclesiastical's pre-tax profit surges with investment returns in first half of 2017
- David Charles steps down as head of PIB-owned Cooke & Mason