Karl Foster’s Interview with Law360

The Financial Conduct Authority’s approach to enforcement and consumer protection has come up against government economic growth priorities and resistance from the sector to its proposals to “name and shame” companies early on during regulatory probes.

Financial Services Partner, Karl Foster sat down with Law360 in a recent interview stating that “now is the time for businesses to push for reform of the FCA’s enforcement process.”

Warning that the FCA lacks the culture to focus on innovation and growth and has a financial incentive to fine companies, Karl predicts that crypto-assets that will come under a new regulatory regime to be introduced by the FCA will be a new test for the watchdog to change its approach after years of warnings.

Read the full interview here: 5 Questions for Spencer West Partner Karl Foster | Law360