The FCA is set to escalate the number of investigations into suspected wrongdoing once the EU's senior managers regime (SMR) has been fully implemented next year, although these will not necessarily lead to enforcement actions, according to the regulator's director of investigations.
In a 15 June speech, Jamie Symington said the FCA needs an approach to investigation which will help embed the culture of the SMR. "This means that generally where there are grounds for investigating...
High conviction approach
Effective from mid-July
Managers who have 'seen it all'
Decision expected 20 June
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