Welcome to Mishcon de Reya's Enforcement Watch, your ultimate destination for the freshest insights and analysis on PRA and FCA regulatory enforcement. This edition is extra special as we celebrate the 15th anniversary of Enforcement Watch. For a decade and a half, we've been your trusted guide through the ever-changing regulatory landscape. Today, we're thrilled to embark on a new journey with me, Guy Wilkes, taking the editorial helm from my esteemed colleague, Adam Epstein.
What's inside this edition?
A cautionary tale: Discover the salutory lessons from a recent PRA penalty imposed on a non-executive director of Wylands Bank. He was fined £72,000 despite not holding a senior management function.
Non-financial misconduct: As the FCA gears up to release its long-awaited final guidance, we delve into the SRA's actions against a bank's in-house lawyer and ponder whether the FCA will follow suit. : We also take a closer look at the FCA's decision notice in the much-talked-about investigation into Crispin Odey
The FCA's growth agenda: With the Payment Systems Regulator now part of the FCA, will this merger spark a new era of enforcement?
Fighting financial crime: We explore how the FCA's approach to tackling market abuse and financial crime has evolved and consider what's on the horizon
We hope you find this edition of Enforcement Watch both informative and engaging. Here's to the next 15 years of keeping you ahead of the curve!