It was ‘just a matter of time’ before the FCA issued its first fine: Kaizen’s Matthew Vincent speaks to FOW
Following the FCA’s first fine for transaction reporting failures under the MiFID II regime, Kaizen’s Matthew Vincent spoke to journalist Gregory Rosenvinge at FOW about what this means for firms and what they should now expect from the regulator.
Before the fine was issued, Kaizen said it had sensed from clients the FCA was stepping up its focus. “Unfortunately for firms, it appears their patience may have run out. This fine is a timely warning for firms to make sure they have the right systems and controls in place for their transaction reporting,” said Kaizen’s Matthew Vincent.
Read the full article on FOW’s website (subscription needed).
