Financial Ethics & Regulation Assignment

The Assignment

The headquarters of the bank are concerned about an upcoming FCA audit of its UK subsidiary and would like your consulting firm to explain the ethical dimensions of the problem as part of their risk assessment. The bank is motivated to protect their licence to operate in the UK. As the consultant assigned to the project you are required to write a report to brief the board of directors of the bank.

The purpose of the report is to critically analyse the ethical issues arising from the particular product and the way that product is distributed. Your report needs to take the particular business model into account and contemporary regulatory issues. You may choose to include insight from your home country as a way of illustrating any material differences you consider to be relevant.