Law360 provides the intelligence you need to remain an expert and beat the competition. The UK Financial Conduct Authority has released a report focused on the ' de - risking ' policies of banks . The regulator has warned that bank practices could be in violation of the law in the UK as banks increasingly pull away from companies at the bottom of the financial services market in an effort to reduce regulatory scrutiny and compliance costs . The FCA is set to start probing banks seen to be providing services to ' risky ' customers to investigate money - laundering concerns .
The UK Financial Conduct Authority has released a report focused on the ' de - risking ' policies of banks . The regulator has warned that bank practices could be in violation of the law in the UK as banks increasingly pull away from companies at the bottom of the financial services market in an effort to reduce regulatory scrutiny and compliance costs . The FCA is set to start probing banks seen to be providing services to ' risky ' customers to investigate money - laundering concerns .