• insights-banner

    In the press

FT Ignites Europe quotes William Garner on the FCA's approach to founder-led firms

The FCA is placing excessive scrutiny on founder-led asset managers as concerns have been raised over how effectively other board members can challenge founders when they own a sizeable share of the business. 

William Garner, Partner and head of the Financial Services Regulation and Funds group, provides comment for FT Ignites Europe. He suggests that taking a very strict line on founder-led firms risks undermining the FCA's competition mandate.

He says:

"There are real concerns in the market about the dominance of a small number of very large asset managers.

Discouraging competition by targeting founders and owners of independent fund managers will not help encourage competition."

William adds that the FCA must strike a balance between "an individual founder's rights as an equity owner of the business and the board's independence".

"In being critical of the role and influence of founders, there is a clear risk that they are discouraging individuals from setting up independent asset managers in the first place," he says.

Read the full article in FT Ignites Europe here (subscription required). 

Our thinking

  • IBA Annual Conference 2023

    Charlotte Ford

    Events

  • Mental Health Management

    Nick Hurley

    Events

  • Calculating Social Value in BTR

    Francis Ho

    Events

  • Dangers of trusts

    Mark Summers

    Events

  • The Evening Standard quotes Rose Carey on the increase in visa fees

    Rose Carey

    In the Press

  • Charles Russell Speechlys advises Zenzero’s management team on its majority acquisition by Macquarie Capital

    Mark Howard

    News

  • Updates and points to note in relation to buy-to-let residential properties

    Twiggy Ho

    Insights

  • Felicity Chapman writes for Insider Media on alternatives to court for divorcing business owners

    Felicity Chapman

    In the Press

  • Investment Week quotes Julia Cox on the proposed scrapping of inheritance tax

    Julia Cox

    In the Press

  • Charles Russell Speechlys expands commercial offering with the appointment of Rebecca Steer

    Rebecca Steer

    News

  • The Times quotes Gareth Mills on the CMA’s preliminary approval of the Activision Blizzard-Microsoft deal

    Gareth Mills

    In the Press

  • Heritage property and conditional exemption

    Sarah Wray

    Insights

  • The Financial Times quotes Emma Humphreys on UK rental costs

    Emma Humphreys

    In the Press

  • City AM quotes Gareth Mills on the CMA’s new set of principles for regulating AI

    Gareth Mills

    In the Press

  • Hamish Perry and Mike Barrington write for The Evening Standard on whether a merger between the CBI and Make UK can work

    Hamish Perry

    In the Press

  • Silicon quotes Gareth Mills on the UK consumer lawsuit against Google

    Gareth Mills

    In the Press

  • Property Week quotes Louise Ward on the additional support required by aspiring UK life sciences operators

    Louise Ward

    In the Press

  • Sarah Higgins and David Wells-Cole write for Wealth Briefing on the pitfalls of using unregulated legal services

    Sarah Higgins

    In the Press

  • Office to Lab Conversions: A new lease of life (sciences) for some of London’s offices?

    Georgina Muskett

    Quick Reads

  • Charles Russell Speechlys’ UK offices receive environmental certification

    Kerry Stares

    News

  • Case analysis: URS Corporation Ltd V BDW Trading Ltd

    James Worthington

    Insights

  • The Family Fund: Bank of Mum & Dad 2.0

    Vanessa Duff

    Quick Reads

  • The perpetual struggle between the environment, heritage and development: the M&S decision vs 55 Bishopsgate

    Sophie Willis

    Quick Reads

  • Treasury Committee endorses mandatory venture capital diversity policies from 2025

    Lia Renna

    Quick Reads

  • Oops!....I did it again - Britney's third divorce

    Charlotte Posnansky

    Quick Reads

  • Recognising financial abuse in a relationship

    Vanessa Duff

    Quick Reads

  • Don’t push it… Quincecare duty clarified

    Caroline Greenwell

    Quick Reads

  • Making BitCoin a BitClearer

    Charlotte Posnansky

    Quick Reads

  • Saudi Center for Commercial Arbitration publishes new Arbitration Rules

    Peter Smith

    Quick Reads

  • Key takeaways from the UK Government's "Green Day"

    Martha Glaser

    Quick Reads

  • From Holby City to 5 Fleet Place - David Ames shares his experience of "Behind the Lens" with CRS

    Quick Reads

  • The Domestic Abuse Act 2021 in Action

    Sophia Leeder

    Quick Reads

  • This week in the news: inheritance tax interest costs rising due to Probate delays

    Sarah Wray

    Quick Reads

  • WhatsAppGate - Should businesses be reviewing their social media policies?

    Anna Rogers

    Quick Reads

  • Dubai announces its plan to streamline the enforcement of civil judgments and arbitral awards

    Peter Smith

    Quick Reads

  • Time to turn down the lights

    Eddie Richards

    Quick Reads

  • FCA warns asset managers against greenwashing

    Jessica Arrol Caws

    Quick Reads

  • Losing their (Elgin) marbles? British Museum and Greek government fail to reach agreement on the Parthenon sculptures

    Louise Paterson

    Quick Reads

  • Youth Mobility Scheme visa category: now open!

    Kayleigh McKee

    Quick Reads

  • Sustainability disclosure requirements: Time is short to comment on FCA's proposals

    Jessica Arrol Caws

    Quick Reads

Back to top