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The UK financial services industry must take responsibility for delivering on government ambitions to have the “highest standards of conduct” in the world instead of leaving it to regulators to uphold standards, the head of the UK’s Financial Conduct Authority said. “The FCA accepts” the challenge to ensure that the UK’s financial institutions are the best regulated, Griffith-Jones said at a conference about Trust in Banking held by the Executive Education division of Cambridge Judge Business School. “It is for the industry to deliver” on conduct.

Read the full article [bloomberg.com]