FCA's Amos: Charges debate is about value as well as clarity

'Charges debate is about value as well as clarity'

The FCA's director of wholesale banking and investment management explains how he will supervise funds, what the industry needs to do on charges, and why CEOs should worry if their whistleblowing line does not ring.

For a representative of the ‘regulator with teeth’, as the government has described the FCA, William Amos is very diplomatic. The regulator’s director of wholesale banking and investment management is clear about the value of the fund management industry, both as a major British employer and as the custodian of the population’s savings. Like many fund managers, he suspects this latter role may grow as pension reforms take hold. “What is very much on our mind is that a competitive, strong industry is good,” he said. “We have got to make sure regulation does not impact that.” At the ...