Observations
May 17, 2023The Financial Conduct Authority(FCA) recently warned companies that are not ready for the impending Consumer Duty after discovering shortcomings in plans for implementing the landmark reforms. According to Sheldon Mills, the FCA's executive director of consumers and competition, firms "can expect [the FCA] to take robust action, such as interventions or investigations, along with possible disciplinary sanctions."
Observations
Oct 06, 2022Clare Bolingford, Director of Banking and Insurance Conduct at New Zealand’s Financial Markets Authority (FMA), recently appeared on the Of Interest Podcast to discuss the origins of New Zealand’s conduct regime and how it will protect consumers.
