FCA Business Plan for 2018/19
The UK Financial Conduct Authority’s (FCA) priorities for the year reflect the high level of resource needed for Brexit, given its impact on regulation and financial services. In addition, the FCA will focus on seven cross-sector priority areas:
- Firms’ culture and governance;
- High-cost credit;
- Tackling financial crime, including fraud, scams and anti-money laundering;
- Data security, resilience and outsourcing
- Innovation, big data, technology and competition;
- The treatment of existing customers;
- Long-term savings, pensions and intergenerational differences.
The FCA has also published its second annual ‘Sector Views’, which provide a snapshot of how each sector in the financial system is performing. The FCA’s Business Plan can be viewed at: bit.ly/2qmg4jR and ‘Sector Views’ at: bit.ly/2qDk53r
To discussion paper on the ageing population and financial services
The European Insurance and Occupational Pensions Authority (EIOPA) has drafted a suggested template which is designed to help consumers make more informed decisions.
Chief executive of the FCA, Andrew Bailey, delivered a speech at the Association of British Insurers’ annual conference...