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UK FCA publishes paper on how to transform culture in financial services

( March 12, 2018, 11:58 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority has published a discussion paper on transforming culture in financial services as it seeks to enhance its approach to supervision, enforcement and policy initiatives. The paper, made up of a set of essays, touches on the importance of using behavioral levers to regulate culture and considers whether regulators can use publicity to influence behavior. The FCA said it will continue to engage with the financial-services community to consider how to put some of the insights from the paper into practice.The Financial Conduct Authority (FCA) has today published a discussion paper on transforming culture in financial services which presents views from academics and industry thought leaders.  The paper is intended to provide a basis for stimulating further debate on transforming culture in the sector. ...

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