FCA will be more probing regulator

The financial services industry can expect more thematic reviews when the Financial Conduct Authority comes into force next year, says Bob Ferguson, head of financial crime and intelligence at the Financial Services Authority.

Speaking at the FSA’s Financial Crime Conference today, he says thematic work is a very powerful tool and enables the regulator to discern both good and bad practice.

Ferguson says: “Expect more thematic reviews to be carried out when the FCA comes into force, as this chimes in with our desire for the FCA to be a more probing regulator.”