Investment Management Update: FCA’s 2014 Risk Outlook; consumer complaints fall; European Parliament draft agenda; and more
The Financial Conduct Authority (FCA) has published its risk outlook for the year. The outlook is split into two parts entitled ‘drivers of risk’ and ‘the evolving risk landscape’.
The ‘drivers of risk’ are: inherent factors within the marketplace — the FCA looks for ways in which firms or consumers could be taking advantage of such factors so as to further their own interests; structural and business conduct features — the FCA believes inadequacies in this area are particularly prevalent when markets are not functioning well, some high-profile examples being incentivisation and conflicts of interest; and environmental conditions — predominantly economic situations and technological developments that the FCA has observed affecting consumer behaviour and the business strategies of firms, as well as policy and regulatory changes…
Click on the link below to read the rest of the Macfarlanes briefing.
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