FCA warns firms to heed findings as it ends FX remediation scheme

UK Financial Conduct Authority has concluded FX remediation programme, stating it has 'improvements'

Financial Conduct Authority
FCA highlighted improvements at firms that proactively extended best execution principles to FX

The UK's Financial Conduct Authority (FCA) has warned firms not involved in the regulator's foreign exchange remediation programme to ‘carefully consider' the findings of the project, which launched in 2014 to address the root causes of failings in conduct.

The FCA and the 30 institutions representing some 70% of the UK currency industry have now concluded the remediation programme, leading the regulator to state it is starting to see real improvements in the companies' control environments, as

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