Bringing you live news and features since 2006 

Emily Benson, director, Kinetic Partners

New regulator, new approach?

RELATED TOPICS​

Emily Benson, Director at financial advisory firm Kinetic Partners, on the Treasury Select Committee’s report on the role of the new Financial Conduct Authority…

Today’s report on the role of the new Financial Conduct Authority (FCA) indicates the intention to build something genuinely new and better, and the determination of Government to rectify the regulatory mistakes of the past, particularly those which have hurt the consumer, such as the mis-selling of payment protection insurance and endowment mortgages.

There is a clear recognition that the culture of the new FCA must evolve from current arrangements, becoming a more efficient and responsive body that is in turn subject to tougher scrutiny.
 
The new regulator will likely be highly alert to the risk of a repeat threat to consumers’ interests and will no doubt be prepared to act quickly and with all the powers available should such a situation arise. Firms would be well advised to revisit the lessons learned around PPI and endowment mortgages to avoid problematic brushes with enforcement at the FCA.

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by