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Regulatory risk ‘shifting upwards’ as FCA publishes new-look business plan

 Josie Day, economical providers specialist at Pinsent Masons, explained the 2022/2023 plan, posted earlier this month, was “certainly extremely different” from former a long time, with a “cross-sector and cross-market approach”. The program targets the 3 places in the FCA’s three-calendar year system in which it explained it will bolster its emphasis: ‘reducing and preventing significant harm’, ‘setting and testing larger standards’, and ‘promoting competitors and constructive change’. Outlining 6 commitments to lessen and reduce significant harm, the FCA stated it would remove corporations that really do not meet its minimum requirements, strengthen the existing redress framework for organizations and consumers and minimise the broader business fallout when businesses…