Nick Bayley Featured in Investment Week: FCA Quizzes Asset Managers on Market Abuse Controls

Nick Bayley, Managing Director in Duff & Phelps’ Compliance and Regulatory Consulting practice, was quoted in an Investment Week article exploring how the Financial Conduct Authority (“FCA”) has renewed its focus on market abuse within the UK asset management industry. The regulator has sent asset managers a questionnaire examining their risk management procedures and controls, showing a shift in focus from the sell-side, such as banks and brokers, to the buyside.

"The regulator's expectations of every firm in the transaction chain has increased. The FCA gets a lot more data now as a result of MiFID II transaction reporting and its own capabilities have increased. The regulator's expectations of the sell-side increased gradually over the years and now expectations of the buy-side are also beginning to climb," explains Nick.

Read the full Investment Week article here.

 
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