Context
Emily Shepperd, FCA Chief Operating Officer, gave a speech delivered at TheCityUK’s National Conference in Birmingham, setting out the FCA’s new five-year strategy.
Key points to note and next actions
- The FCA has highlighted that its new strategy will focus on four key themes of:
- economic growth;
- financial crime;
- consumer resilience; and
- how the FCA intends to become a more efficient and effective regulator.
- The strategy has been built in partnership with a wide range of stakeholders, so it is consistent with how the FCA intends to deliver it.
- A key element of the speech focuses on trust in both the FCA and the wider financial services sector, which underpins these themes. The speech highlighted that these will be crucial as the FCA looks to pursue growth, alongside ensuring proportionality in regulation and encouraging innovation.
- The FCA intends to open a dialogue about appropriate risk appetite in the financial services sector.