FCA expands accountability to HFT traders

New rules published by the UK watchdog aim to strengthen individual accountability in the financial industry

Tracey McDermott at the FCA says: "Clear individual accountability should focus minds, drive up standards"

The Financial Conduct Authority (FCA) has published the final rules to improve accountability for algorithmic and high-frequency traders carrying out wholesale activities, in a move designed to extend its certification regime.

The new rules, published on February 4, are part of the framework introduced by the FCA and the Prudential Regulation Authority (PRA) to strengthen individual accountability in the banking sector.

The FCA said the new measures now extend "to those performing two new

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