Directors Guide to Surviving an FCA/PRA Visit

The regulator is about to knock on your door. Your firm and your senior team will likely come under intense scrutiny. Are you prepared?

For many firms this is a very stressful time, with senior executives feeling the pressure across all sectors. That’s because the PRA and FCA have focused their attention on the leaders of financial firms.

Many executives have already experienced this increased rigour, some very publicly.

• Section 166 and enforcement actions are up on last year
• The FCA has new threshold conditions and stronger statutory powers
• Parent companies of regulated subsidiaries now face tougher controls
• Judgement-based supervision means it’s harder to predict regulator behaviour
• The repercussions of compliance failures are more severe

Surviving a regulator’s visit is now more difficult than ever. But with expert insight and smart preparation, you can make it much easier.