The FCA said the changes are part of its plans to give wholesale firms the confidence to apply the Duty proportionately.
Consumer Duty
Our regular roundup of the latest news and developments from the FCA.
Forget the playbook of absolute risk aversion; the FCA is officially daring compliance to stop gold-plating the rules and start embracing responsible risk.
Parvez Khan questions whether mere compliance with FCA rules establishes a legal presumption of fairness in lender-borrower relationships.
Our regular roundup of the latest news and developments from the FCA.
Under the new proposals, the rigid requirements introduced in 2021 to publish product-level disclosures aligned with the TCFD will be axed.
Our regular roundup of the latest news and developments from the FCA.
Key components of the plan include enhancing clarity around the standards and safeguards required for developing and using AI technology, and giving people more control over how AI processes and uses their personal data.