UK regulatory update — issue 3: enhanced enforcement powers
The third issue of our step-by-step guides looks at the new and improved enforcement powers of the PRA and FCA. While going forward both regulators promise a focus on judgement led preventative action, the enhanced disciplinary powers will undoubtedly be used to keep up the pressure on the financial services sector. Taken together the new powers will support quicker and more aggressive intervention by the FCA and PRA.
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