FIN.

FCA speech: regulating the UK as a global financial centre

Speaking at the City & Financial Global virtual conference, Nausicaa Delfas, the FCA’s Executive Director of International, stressed that the UK’s departure from the EU is an opportunity the FCA intends to grasp.

Key takeaways include:

  • The FCA is fully committed to maintaining open and fair UK markets and it will continue to regulate in the interests of consumers, competition and market integrity;
  • Firms serving UK customers and businesses will need to meet consistently high standards, and there will need to be strong supervisory co-operation between jurisdictions; and
  • The FCA will continue to work with its international colleagues to shape global standards, to work towards regulatory convergence, and co-operation on cross-border issues.

Lucy Hadrill