2020 -The cost of compliance failure, regulators are coming!


So 2020 is here – a new decade, a new way or same old? From a regulatory enforcement perspective events in 2019 offer clear sign posting as to the likely trends in the early part of the decade ahead. Two FCA enforcement levers have been applied at an increasing rate in 2019 and it does not appear that they will be used any less in the early part of the 2020s. These levers are:. The FCA website shows the level of fines in 2019. The figure, as updated by the FCA on 20 November 2019, stands at a shocking £391,773,187…

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Partner - Baxters Business Consultants - a business consultancy undertaking marketing, training, freelance journalism and expert witness services to the residential mortgage lending, building society and financial service industry (April 1993 to date) - www.baxtersbc.co.uk.

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