Global Investigations Review - The law and practice of international investigations

UK lawyers question FCA's use of attestations

By Adam Dobrik

26 February 2014

UK lawyers question FCA's use of attestations FCA headquarters

The UK’s Financial Conduct Authority (FCA) has asked compliance officers to sign documents that force them to take ultimate responsibility for certain internal controls at banks. Practitioners question this approach, saying the policy was designed to hold only the most senior executives to account.