FCA has active pipeline of misconduct investigations
As the expansion of the conduct regime to smaller firms looms, UK regulator says plenty of bankers are under scrutiny
Since the UK’s Senior Managers and Certification Regime (SMCR) was implemented in 2016, there has been much carping about its failure to lead to a rise in high-profile scalps of individuals found guilty of significant wrongdoing in the financial industry. But the Financial Conduct Authority has plenty of live investigations pending into senior individuals suspected of “serious misconduct”, according to a senior regulator.
David Blunt, head of conduct specialists at the watchdog – in charge of
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