General
FCA annual Sector Views
The Financial Conduct Authority (FCA) has published its Sector Views. These provide the FCA's
annual analysis of the changing financial environment and the
resulting impact on consumers and market effectiveness. They
represent the FCA's views as at mid-2019.
Read more in our bulletin, UK FCA publishes annual Sector Views
report.
Penalties, remediation and Principles for Businesses: FCA
speech
The FCA has published a speech given by Mark Steward, FCA Executive
Director of Enforcement and Market Oversight, on penalties,
remediation and the FCA's Principles for Businesses.
Among other things, Mr Steward emphasises the importance of a
firm's remediation when failures are discovered, noting that
there have been several cases in which the FCA has materially
reduced its financial penalties on firms in excess of the automatic
30% discount for cases that are fully resolved at stage one. The
FCA encourages firms to respond to this
