Financial Conduct Authority survey findings, including areas for improvement and good practice
Corporate finance firms (CFFs) play an important role in maintaining the integrity and competitiveness of UK capital markets. They connect business and enterprise to sources of capital and are vital to the growth and success of the UK economy.
The Financial Conduct Authority (FCA) has published findings from a survey of financial crime controls within corporate finance firms that are not required to submit financial crime returns.
While many firms reported that they were meeting expectations, many may be falling short of minimum regulatory requirements and need to improve. The FCA plans to write to firms that have indicated potential non-compliance to set out expected improvements.
