Market Advisory: FCA Business Plan Outlines Year of Reassessing UK Financial Services Market
On March 24, 2015, the Financial Conduct Authority’s (FCA) released its Business Plan for 2015 and 2016. It reflects an ongoing regulatory transition across the financial services sector. With international and domestic regulatory bodies moving out of post-crisis era reforms, the FCA plans to spend the next phase of its supervision surveying the new financial services landscape to identify new challenges and lingering concerns. Notably, the new Business Plan carries last year’s culture and consumer priorities. However, the agency will shift from highly active regulatory and enforcement agendas towards enhanced supervision and sophisticated market analysis.
Read the full report and analysis here.