This paper analyses the enforcement (ie disciplinary) decisions made by the Financial Conduct Authority since its creation in 2013 with the aim of discerning the messages which the Authority is attempting to send to the financial services industry. It provides a qualitative survey of the decisions underpinned by a statistical analysis. The paper finds that the jurisprudence of the decisions is dominated by the Authority’s Principles for Businesses rather than by the rules in the Authority’s Handbook. Principle 3 which requires proper organisation and risk management dominates the jurisprudence.
|Name||Bristol Law Research Paper Series|
|Publisher||University of Bristol Law School|