The FSA’s change to an intensive supervisory approach has already raised the bar. Practices acceptable 2 or 3 years ago may well not pass scrutiny today. No government or regulator will lower these standards. 

 

It has already been made clear that the FCA's conduct strategy will focus supervision on the key drivers of conduct risk - business model and strategy; product design; point of sale and post-sale systems and controls; governance arrangements; and the culture of the firm.

Preparation is the key to a positive outcome in a regulatory assessment. We will review your processes, practices, governance, people and culture to give you an objective, ‘warts and all’ assessment of your regulatory status.

We will work with you to make any improvements you need to survive in the world of intensive regulatory supervision.