FCA Ramp-Up Risks Cooling City Investment By Financial Firms
By Mark Taylor (July 11, 2017, 11:12 PM BST) -- The U.K. Financial Conduct Authority's aggressive pursuit of enforcement investigations amid Brexit negotiations has unsettled City talent and may even deter investment, top white collar attorneys warn, risking further damage to London's future as a financial center.
The FCA's head of enforcement, Mark Steward, told Law360 in an interview last week that the regulator is trying to break with its previously conservative approach and has become bolder in identifying and chasing misconduct.
He said that with the new market abuse regulations to uphold and more tools to use, he wants to see more investigations, concluded faster than before.
The FCA and...
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