Financial Stability, Governance, News, Prudential

UK mulls ditching FCA over compliance checks

By Bill Lumley
Financial Conduct Authority
Image via Bloomberg Mercury

UK bank compliance teams face the prospect of a new supervisor, under proposals to deter money laundering and terrorism financing.

The structural overhaul would create a new ‘mega supervisor’ to take over from the Financial Conduct Authority and the patchwork of other regulators that currently oversee the sector.

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