FCA Fires Warning Shot to Brokers in Wholesale Markets

Latest Dear CEO letter from the regulator includes strong criticism and warns that firms need to improve to meet regulatory expectations.

Key Points:

..FCA supervisory work during the next two years will focus on four key areas that the FCA considers require urgent attention.

..Firms should review the FCA’s concerns carefully and take action now to address any areas in which they may not be meeting regulatory expectations.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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