Selected news from the UK's conduct regulator:
On 15 June, the Director of Investigations at the FCA spoke about how the FCA uses its powers of investigation and how this is evolving to fit with the FCA’s recently published Mission. The regulator sees "culture change as the key aim of [their] work on individual accountability which is why the Senior Managers Regime for deposit takers and the forthcoming Senior Managers & Certification Regime for all other firms are key work streams in [their] Business Plan".
On the same date, the FCA provided an update on its regulatory sandbox and published the list of diverse firms in the second cohort of the test environment. The testing covers a range of ideas including distributed ledger technology and insurance.
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