Royal London Regulatory News update
Issue 1 9th May 2016 - 13th May 2016
The following articles provide a summary of the key regulatory stories from the week.
It is the responsibility of the regulatory approved person in each business area to pick up on those regulatory developments that are important, assess the impact and take any necessary action (e.g. instruct a change of procedure).
PRA Speech on Culture
In his last speech as Chief Executive of the PRA, Andrew Bailey explains the importance of culture to both prudential and conduct financial regulators and the challenges for supervisors when looking at the culture of firms.