Branch² Intelligence
FCA cracks down on illegal promotions and market abuse in first year of new strategy
Key takeaway
FCA's first-year strategy results: 3 arrests for illegal finfluencer promotions, 650 takedown requests, 11 years imprisonment for insider dealing, £5.6bn consumer benefits.
- Step 1FCA enforcement actions increase compliance costs for regulated firms (Barclays £42m fine, AML/ABC upgrades).
- Step 2Higher compliance costs are passed through to SME banking fees and lending spreads.
- Step 3Reduced fraud and market abuse improves SME confidence in financial services, lowering risk premiums over time.
Source: FCA News
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