On 15 July, the FCA published its Business Plan and set out its key priorities for the year ahead. There is much talk about the FCA’s own internal transformation programme and how the organisation intends to become a forward-looking, proactive data-led regulator which is prepared to meet future disruption head on in a tough, decisive, and agile fashion. As a result, the Business Plan contains less information about the FCA’s policy priorities than it has done in the past.
So, what are the top 5 takeaways from the Business Plan?
1. Consumer priorities remain largely unchanged
The FCA is taking forward the four consumer priorities it identified in last year’s business plan (effective consumer investment decisions, consumer credit markets that work well, safe and accessible payments and fair value in a digital age). The only new consumer priority this time around is the FCA’s new Consumer Duty (currently under consultation in CP 21/13), which…