On 4 March 2014 the FCA published a thematic review of the findings of its follow-up thematic work into financial incentives which assessed whether firms are now properly managing the risks to consumers. The previous report, published in September 2012, confirmed that most firms had incentive schemes that were likely to drive mis-selling without effective controls in place. The regulator has now reported that its intervention has resulted in a significant change with all the largest retail banks having either replaced or made significant changes to their incentive schemes to reduce risk to customers.