Will the FCA 'soften' its critique of asset managers?

Set to publish final report

The Financial Conduct Authority has assured the industry it will publish the final report on its Asset Management Market Study at the end of June, despite some fearing a delay.

With the snap General Election taking place last week, and Brexit causing financial services added headaches, many suspected the regulator would take more time to conclude its study of the industry, but the FCA confirmed to Investment Week it will meet its Q2 deadline. The final report will take into account industry feedback on the interim findings that were published last November, dealing a huge blow to the industry striving to keep up with ever changing regulation, pressures on margins and a challenging geopolitical backdrop. The FCA was quite scathing in its critique of  'closet ...