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Although the FCA has stopped short of saying that it is proactively investigating other firms, Clive Adamson, director of the supervision at the watchdog said that the action it had taken against Wonga should "put the rest of the industry on notice" and that "some firms still have a way to go to meet our expectations".
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Without mandatory reporting incentives in place, businesses are unlikely to proactively investigate or report a breach.
David Cameron wanted the reconstituted watchdog to have the ability to proactively investigate concerns and order £1m fines for systemic breaches.
"The purpose of police action to date has been to proactively investigate the criminality which has been identified," added Ms Akers.
"It's hard to imagine," Mr. Johnson said, "that it would shock the conscience for the government to proactively investigate those outside the country who they believe are ready and willing to harm Americans and to harm American interests".
It would be the owner and enforcer of the code of fundraising practice – which currently sits with the Institute of Fundraising (IoF) – and be able to proactively investigate breaches of standards (rather than wait for complaints from the public) and be responsible for convening all relevant bodies to ensure cooperation on fundraising issues.
It is understood that the new HMRC unit – called the employment status and intermediaries team – will proactively investigate companies that declare they use significant numbers of self-employed workers and will also act on intelligence and complaints about alleged abuses of the rules around self-employment.
Benthic impacts that may ultimately result from further intensification of suspended oyster culture in eastern Canada were proactively investigated.
It is argued in this paper that stability conditions of mine roof strata, as a key factor in sustainability in coal mines, must be determined by a survey which proactively investigates fundamental aspects of said mine.
As a matter of good business practice, a team of glovebox experts from Los Alamos National Laboratory has been assembled to proactively investigate processes and procedures that minimize unplanned openings in the glovebox gloves, i.e., breaches and failures.
In addition, proactively investigate allegations of sexual harassment, unequal pay or workplace discrimination and take appropriate action.
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CEO of Professional Science Editing for Scientists @ prosciediting.com