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What the FCA’s Business Plan and Strategy really means: a brave new world | Allen & Overy LLP
The British isles Monetary Conduct Authority’s (FCA) shift in the direction of customer defense is intensifying. At the very same time, it is gearing up to come to be a much more assertive regulator, intervening more regularly, subsequent the illustration of its U.S. counterparts. So exactly where does this leave companies? Shopper-centered regulator The FCA’s Business Strategy and Technique exhibit a clear intention to harness increased buyer protections inside the monetary solutions marketplace. The FCA states that “a lot of individuals never know what great looks like” although it is distinct that the inhabitants of susceptible shoppers is expanding. An obvious case in point of the FCA’s ambition is the…
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What the FCA’s Business Plan and Strategy really means: collection and use of data | Allen & Overy LLP
The necessity for corporations to obtain and report high-quality information has by no means been additional crucial, with the British isles Economical Perform Authority’s (FCA) result pushed tactic searching to depend on firm info to realise its strategies. In this article we take a look at the FCA’s details approach likely ahead and what this usually means for firms. The FCA’s data method The FCA has solved to develop into far more powerful by “harnessing facts, changing it into actionable intelligence and improving our genuine time understanding of what is currently taking place and, crucially, emerging threats”. Aiming to come to be a far more forward-on the lookout regulator, it…
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FCA’s 2022/23 Business Plan: Key Highlights | Latham & Watkins LLP
[co-author: Dianne Bell] As the FCA’s remit proceeds to grow, the regulator pledges flexibility in the deal with of world fiscal and geopolitical headwinds. On 7 April 2022, the FCA introduced its new Business enterprise Program as component of a deal such as a a few-calendar year tactic document placing out the outcomes it expects all companies to deliver throughout Uk marketplaces. In his introductory concept, FCA Main Government Nikhil Rathi mentioned that the regulator’s wide and developing remit suggests “prioritisation is inevitable”. The FCA’s additional results-based strategy usually means its commitments for the next 3 a long time drop into a few stated areas of concentration: Lowering and blocking…
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