Openness and honesty during Arrow visits
Trevor Newbury, partner at Financial Markets Group, advised brokers to be open and honest before, du...
Trevor Newbury, partner at Financial Markets Group, advised brokers to be open and honest before, during and after Arrow visits, even if there is a problem. Speaking at The UK Insurance & Financial Services Conference & Expo, Newbury said a lack of co-operation with the Financial Services Authority would "turn off" the regulator. He warned: "Do not build up issues and bring them all out during an Arrow visit. However, before telling the FSA, come up with a plan about how you are going to solve
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