Last week the FCA held its first ever Prudential Supervision
Forum. Now whilst it might be surprising to some that the FCA
supervises firms on a prudential basis, as they have not been
making loud noises about it, other firms are certainly aware of
this fact. As the Head of Specialist Supervision pointed out
the FCA prudentially supervises approximately 24,000 firms making
their views on issues such as CRD IV key for asset managers, broker
dealers and AIFM firms alike.
The forum covered a range of key areas such as CRD IV,
operational risk, liquidity, the Recovery and Resolution Directive
and crisis management (otherwise known as wind-down). There were a
number of key messages which came out of this such as:
