Monthly Archives: January 2018
GETTING AWAY WITH IT
January 19 2018
“The Financial Conduct Authority (FCA) has prosecuted eight cases of insider trading in the past five years and secured 12 convictions.”
It is all the more important for firms to establish and reinforce – continuously – the right culture themselves rather than rely on wrongdoers being caught by others. Markets and market participants we can trust are key to the reputation of the financial sector.
ALL CHANGE AT THE FCA?
January 5 2018
The new Chair of the FCA, Charles Randell, is a critical and very welcome appointment. There will, of course, be much for him to deal with when he takes up his appointment. One thing for him to ponder is the somewhat depressing fact that the level of misconduct among firms was the same in 2015 as in 2009, at the height of the financial crisis. Perhaps this is because more such misconduct is being discovered and punished; perhaps more people are speaking up about the misconduct they witness. Still one would have hoped that some lessons had been learnt by now. And if not now, when?