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In First Week, New U.K. Regulator Outlines Tougher Oversight
By Vanya Dragomanovich
printAs the U.K.'s Financial Conduct Authority navigates its first week of existence, the agency's newly released business plan promises a tough approach on fighting financial crime with a focus on complex cases. Released in anticipation of the April 2 launch date of the regulator, known as the FCA, the plan details its strategy to strengthen supervision in the aftermath of several scandals, including the fixing of the London Interbank Offered Rate (LIBOR). Earlier this week, the FCA assumed the supervision of anti-financial crime rules from the now-defunct Financial Services Authority. On the enforcement and financial crime front, the focus in...
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