FCA launches 5-year strategy to support growth and improve lives
The Financial Conduct Authority (FCA) has launched a 5-year strategy to transform the UK’s financial landscape. The strategy focuses on becoming a smarter regulator, supporting economic growth, helping consumers navigate their financial lives, and fighting financial crime.
Key leaders emphasize the importance of trust and efficiency in regulation, aiming to create a more dynamic and responsive financial services sector.
The new strategy builds on the FCA’s accomplishments from its previous 3-year plan. These achievements include implementing the most significant changes to the listing regime in over 30 years to facilitate easier capital raising for companies, introducing the Consumer Duty to enhance consumer protection standards, expediting the authorisation process for firms that meet the regulator’s stringent criteria, and preventing more potentially harmful firms from entering the financial services sector.
Overall, the strategy is designed to balance risk, support growth, and improve financial outcomes for consumers, while maintaining a strong focus on trust and efficiency.
For more information on the FCA’s 5-year strategy, visit their website here. Download the strategy document here.
