Context
Nikhil Rathi, FCA CEO, has delivered a speech at the Lord Mayor’s City Banquet at Mansion House.
Key points to note
The speech noted that:
- The FCA took extraordinary measures to protect consumers throughout the pandemic. With a stronger economic and employment backdrop, the FCA is now coming through those challenges.
- The FCA is collaborating with international partners to deliver a world without LIBOR, to transition to a net-zero economy and to maintain high regulatory standards.
- The FCA is investing to become as much a data regulator as a financial one, working with partners to realise a future where compliance checks can be completed in near real time.
- The FCA will call on the financial services sector to partner with us to seize the opportunities presented by the profound forces transforming the sector and society (the pandemic, Brexit, technological change, the drive to a greener economy, demographic shifts.
Next actions
None – for information and awareness