Context
The FCA has published a speech delivered by Emily Shepperd, FCA Chief Operating Officer, at the Association of British Insurers’ ‘A changing regulatory landscape: how best to prepare?’ event in London.
Key points to note and next actions
- The FCA has developed a balanced strategy designed to support the financial services sector.
- The FCA is being clear with the industry about how it will operate and delivering what it needs to quickly.
- The FCA is upfront about the risks and opportunities.
- The FCA references being a proportionate, predictable and purposeful regulator, simplifying and stripping outdated requirements from its insurance rule book.
- The speech discusses the issues of growth, the FCA being a smarter regulator, helping consumers navigate their financial lives, and fighting crime.