Transparency is essential for regulatory compliance and fostering trust in our increasingly complex and interconnected international financial services ecosystem.
2024 saw the FCA go to great lengths to promote transparency in their enforcement processes, with their controversial proposals to publish information on their investigations at a far earlier stage.
The FCA’s Consumer Duty also places a strong emphasis on transparency to protect consumers and ensure fair treatment. Firms are required to be transparent in their communications, pricing, support, and governance, alongside building trust, enhancing customer satisfaction, and complying with regulatory expectations.
Transparency connects with technology too, enabling greater visibility in financial transactions and operations. We explore how AI, machine learning and blockchain are enhancing transparency across complex transactions and relationships.
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