TCF and Fiduciary Duties
Adam Phillips, chair of the Financial Services Consumer Panel (FSCP), has announced that the Financial Services Authority’s Treating Customer’s Fairly (TCF) initiative has failed and should be replaced with a “fiduciary duty”. This article considers the power to write rules to impose a fiduciary duty on financial services firms.
Julia Smith writes for the Journal of International Banking and Financial Law. Read the article here.
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