FCA to 'haul senior managers over the coals' amid mounting cash reserves

Tightening of profit-making rules

Mike Sheen
clock • 2 min read

The Financial Conduct Authority (FCA) could be set to make an example of senior managers of non-discretionary investment firms, which have been making profits off the interest accrued from growing client cash weightings this year as investors liquidated positions in response to the market volatility.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Trustpilot