Context
The FCA has published a speech delivered by Steve Smart at the Financial Services Investigations and Enforcement Summit.
Key points to note and next actions
Smart is joint executive director of enforcement and market oversight at the FCA, and he spoke about collaboration and teamwork in combatting financial crime. The key points in the speech were:
- The FCA is as much a law enforcement agency as a regulator.
- Collaboration and teamwork are key to the FCA’s success – both internally and with its external partners including industry.
- The FCA is focused on speeding up the pace of its investigations and making the different components of its organisation such as enforcement, supervision and authorisations work together more seamlessly.