FCA Business Plan 2018/2019 | KPMG | UK

FCA Business Plan 2018/19

FCA Business Plan 2018/2019

Outlining the Financial Conduct Authority’s priorities and the impact of the plan

Outlining the Financial Conduct Authority’s priorities and the impact of the plan

On Monday 9 April, the Financial Conduct Authority (FCA) published its Business Plan for 2018/19 which identifies the regulators cross-sector priorities to address over the coming 12 months:

• Firms’ culture and governance 

• Tackling Financial crime (fraud & scams) & anti-money laundering (AML)

• Data security, resilience and outsourcing

• Innovation, big data, technology and competition

• Treatment of existing customers

• Long-term savings, pensions and intergenerational differences

• High cost credit

The FCA has placed an understandable focus on its response to EU withdrawal, its progress will be watched closely as the industry seeks to advance its own Brexit plans. 

There is continued focus on consumer vulnerability and access to financial services, which underlines the challenge the regulator faces in successfully balancing innovation and big data with good customer outcomes in its approach to regulating in a more digital world. And the commitment to Fintech shifts in to risk assessment, alongside benefits and opportunities.

Click on the boxes below for our latest thinking relating to the FCAs themes. We are continually updating our content to reflect the evolving market, watch this space for updates. 

Read about the impact of the plan in your sector.

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