Discuss the importance of the FCA’s governance and SM&CR requirements for the conduct of the bank’s operations.

Your Portfolio for submission will be a single document that contains three items A. An Executive Summary prepared for the Directors of a large UK bank setting out either:1. The capital and liquidity requirements placed on the bank and how these are regulated; OR2. The importance of the FCA’s governance and SM&CR requirements for the conduct of the bank’s operations. (Worth 30% of overall CW2 mark) B. A newspaper article for the Financial Times commenting on the challenges that money laundering and insider dealing create for the financial services sector in the UK (Worth 30% of overall CW2 mark) C. A short essay which is a critical reflection on either:1. The effectiveness of regulation in the retail financial advice market in the UK; OR2. The vulnerability of retail financial consumers in the UK and how this can be addressed. (Worth 40% of overall CW2 mark)

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