Australian court found weaknesses in the firm's systems, and procedures and controls remained undetected for more than a decade despite internal reviews.
Market data
Backed by other small states, the duchy has thwarted the push for centralised supervision.
The proposal includes a new RTS that converts current guidelines on the cost of market data into legal obligations.
Consolidated publication systems and pre-trade transparency obligations among measures to be introduced.
The FCA proposal is limited in scope, focusing on a possible regulatory framework for a UK Consolidated Tape (CT) for bonds only.
The finance regulator is strengthening its supervisory work for the ESG market.