|
answer text |
<p>The Government welcomes the Financial Conduct Authority’s recent discussion paper,
‘Transforming Culture in Financial Services’. The Government has not made a formal
assessment of this paper. However, Government will continue to engage with the financial
regulators and industry to progress this important issue, including to consider the
views raised in this paper. The Government has implemented a number of reforms since
the financial crisis to improve conduct and encourage a more positive culture in the
financial services sector, including through the introduction of the Senior Managers
and Certification Regime.</p>
|
|