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The industry has already been told that the FCA will be more forward-looking in its assessment of potential problems, and that the way a business is run will be a key factor :
"At the most intensive end of the spectrum we will look at a firm's business model and strategy to see whether these deliver good outcomes for consumers ... we will be looking to see whether a firm's governance arrangements are effective from a conduct perspective."
(Clive Adamson, Director of Supervision, Conduct Business Unit, FSA. Speech to BBA, 25 January 2012).
The governance structure of an organisation influences how effectively it makes decisions and manages risk. We will review your governance, oversight, decision-making and reporting arrangements, and provide solutions to help you meet the ever-increasing challenges of regulation.
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