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FCA publishes Dear CEO letter to wholesale broker firms

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Published on: 11 January 2023

Published by LNB News

LNB News 11/01/2023

Document Information

Issue Date: 11 January 2023

Published Date: 11 January 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has published a Dear CEO letter addressed to wholesale broker firms outlining the key risks for the sector, what causes these risks, and the FCA’s supervisory focus for the next two years, including financial resilience; remuneration structures; governance and culture; and control functions (including financial crime and market abuse prevention). The FCA expects all CEOs to have discussed this letter with their follow directors and/or board and agreed actions and next steps by the end of February 2023.

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