Bob Ferguson has spoken on “beating the fraudster”, with specific reference to insurance fraud. He focused on FCA’s role in tackling financial crime and commented that financial crime is outside the Prudential Regulation Authority's remit, which he said is the right approach. He discussed how FCA would look at the risks of financial crime generally, and how both regulated and unregulated firms, and other authorities, would be tackling those risks. He noted how FCA would seek to protect both consumers and its own brand. He also spoke of the help FCA will hope to get from the new National Crime Agency, and the nascent Economic Crime Coordination Board.(Source: Beating the Fraudster)
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