A bill removing punitive sanctions for minor errors in financial services policy was announced, with a co-founder of Consumer VOICE commenting on the changes.
1 report, 1 independent
Updated May 26
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What happened
A bill removing punitive sanctions for minor errors in financial services policy was announced, with a co-founder of Consumer VOICE commenting on the changes.
Who's involved
What this event is mainly aboutConsumer VOICEAlex Neill
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Part of
The UK is modernizing its financial conduct regime by moving detailed conduct regulation to FCA rules.Also in this story
- The FCA is amending conduct rules for non-bank firms, increasing scrutiny and reporting requirements, while observers note conduct issues are used for dismissals.
- An investigation found widespread poor practice across the banking industry, overseen by the FCA.
The entities involved
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Consumer VOICE
nonprofit organization in New Delhi, India
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