New data published by UK regulators highlights the growing scrutiny over individuals’ conduct within, and the overall culture of, financial services firms, an expert in employment law has said.
UK policymakers could consider it “prudent” to defer the implementation of a new fraud compensation scheme to seek to allay the “legitimate concerns” about the scheme that UK payment providers have expressed, an expert has said.
A recent decision by the UK’s Financial Conduct Authority (FCA) to issue a public censure for significant failings in client asset reports highlights the importance of accurate CASS reporting not only by regulated firms but also by their auditors, an expert has said.
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