Navigating FCA and PRA engagements

Navigating the regulatory landscape and interactions can feel like uncharted and tumultuous waters. Regulatory engagement – whether it is business as usual or due to specific regulatory scrutiny – needs specific attention.

The impact, both positive and negative, can be underestimated. A well-handled interaction can give the regulator confidence to let you get on with it. A poor-quality submission, a badly handled meeting or botched response to a regulatory interaction can have significant consequences ranging from additional scrutiny at best, and a skilled person review, restriction of business, or enforcement at worst. Any of these will absorb significant management time, to say nothing of the potential business and financial impact.