Killjoy? Why the FCA's inducement crackdown is going too far

Killjoy? Why the FCA’s inducement crackdown is going too far

Compliance departments are getting incredibly twitchy about all kinds of entertainment, writes Derek Bradley...

Just before I went on holiday – paid for all by myself, I might add – I read a story about the limits many firms have to place on both entertainment budgets and the acceptance of corporate hospitality because of the Financial Conduct Authority's (FCA) guidance, which was issued on this matter earlier this year. The long and the short of it is that "corporate inducements" are in the cross-hairs of the FCA snipers, which means that compliance departments are getting incredibly twitchy about all kinds of entertainment which, in the past, would have been a natural part of a firm's "marketing...