Context
The FCA has published a speech by Kate Collyer, FCA chief economist, given at Warwick Business School, on Financial Regulation in Support of the UK’s Growth.
The FCA wants to accelerate growth in the UK financial services sector and wider economy. The speech covers what the FCA is doing differently to support growth, opening up a public debate and rebalancing the FCA approach to risk.
Key points to note and next actions
The Key points were:
- Smarter regulation is good for growth – the FCA is shifting its approach to risk, giving firms and consumers more space to innovate while still protecting markets.
- Risk has a role to play – appropriate risk-taking can boost productivity, competition and consumer outcomes, and the FCA is rebalancing regulation to support this.
- Practical reforms are underway – the FCA is opening investment opportunities, easing mortgage rules and reforming capital markets to support innovation and growth.