The Financial Conduct Authority (FCA) has shelved another banking inquiry, as it is revealed that an investigation into alleged aiding of tax-evasion by HSBC has been dropped, last year after it scrapped its probe into banking behaviour and culture. Reports indicate that fears are beginning to rise again that ministers and regulators in UK are becoming more lenient towards banks as the economy recovers. The move seems to be in contrast to regulators outside the Britain , who have taken a more aggressive approach; Swiss authorities fined HSBC just days £ The FCA would not comment on the decision, first reported by Sky News, butit said in February 2015 that the leak of the bank account details “has served to reinforce the importance of firms operating with the right culture across all of their operations”. 28m after money laundering was discovered in its Swiss unit.
The Financial Conduct Authority (FCA) has shelved another banking inquiry, as it is revealed that an investigation into alleged aiding of tax-evasion by HSBC has been dropped, last year after it scrapped its probe into banking behaviour and culture. Reports indicate that fears are beginning to rise again that ministers and regulators in UK are becoming more lenient towards banks as the economy recovers. The move seems to be in contrast to regulators outside the Britain , who have taken a more aggressive approach; Swiss authorities fined HSBC just days £ 28m after money laundering was discovered in its Swiss unit.