Will the FCA start fining firms for lax record-keeping in 2024? Probably not
January 10, 2024
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 ...
Already a subscriber? Log In
Read Next:
January 16, 2023
Banks probe deeper into their supply chains to keep regulators onside
Discussions around operational risk are rippling further down bank supply chains due to regulators taking more interest in resilience as digitisation gains momentum. However, there are concerns that not enough...
Read more