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?