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FCA puts wholesale brokers on notice

FCA building
Photo: FCA

Thomas Hyrkiel

1 min read
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Risk management and compliance practices highlighted as areas of concern against the backdrop of sustained volatility.

The FCA has sent a letter to wholesale brokers also advising the firms about what its supervisory focus will be over the next two years.

The regulator is concerned that firms lack the expertise required to correctly evaluate their liquidity risk and are “underestimating their liquidity needs”. While the FCA

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