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Watchdog vows UK firms get pass for ‘unique, one-off, crazy’ impact of lockdown

Financial Conduct Authority HQ in International Quarter London in Stratford, East London
Financial Conduct Authority HQ in International Quarter London in Stratford, East London Photo: Getty Images

City bosses struggling with their regulatory burdens during the Covid-19 lockdown will be shown leniency, the UK’s financial watchdog said.

Mark Steward, the Financial Conduct Authority’s executive director of enforcement and market oversight, told Financial News that the regulator would “operate fairly, reasonably and proportionately” when policing the behaviour of senior financial services workers during the coronavirus crisis.

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