Opinion, Regulation & Supervision

Will the FCA start fining firms for lax record-keeping in 2024? Probably not

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Global regulators have issued more than $2.7bn in fines to financial institutions over the past two years for record-keeping and supervision violations, demonstrating a pattern the US Securities and Exchange Commission has called “pervasive and longstanding”. 

Somewhat surprisingly, the UK’s Financial Conduct Authority has yet to follow suit ...

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