FCA chief warns severe consequences for lying about 'debanking' - London Business News londonlovesbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from londonlovesbusiness.com Daily Mail and Mail on Sunday newspapers.
Nikhi Rathi, the chief executive of the Financial Conduct Authority (FCA), has warned that banks will face severe consequences if they are found guilty of lying about cases of ‘debanking’, amid a series of high-profile cases in recent months.
Bank of England, FCA and PRA collaborate to increase resilience of Financial Services londonlovesbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from londonlovesbusiness.com Daily Mail and Mail on Sunday newspapers.
The authorities aim to reduce the responsibilities placed on individual firms and FMI entities around operational resilience and third-party risk management through direct regulatory oversight of critical third parties