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Financial Conduct Authority 2018/19 business plan focuses on Brexit

Jaclyn Jaeger | April 10, 2018

The Financial Conduct Authority (FCA) has published its Business Plan for 2018/19, setting out its key priorities for the coming year. Priorities in this year’s Business Plan reflect FCA resources needed to prepare for withdrawal from the European Union, given its impact both on FCA regulation and the companies its regulates, the FCA stated.

Alongside this work, the FCA said it will focus on seven cross-sector priority areas, based on assessments of where there is the greatest harm or potential for harm, and where intervention can have the greatest impact, among these priority areas:

  • Firms’ culture and governance that should drive behaviours and produce outcomes likely to benefit consumers and markets;
  • High-cost credit, building on the significant impact already made in the market;
  • Tackling financial crime, including fraud, scams and anti-money...
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