FCA celebrates its first birthday with the publication of its annual business plan
By Bradley Rice
The Financial Conduct Authority (FCA) published its annual business plan on 31 March 2014.
The business plan sets out the areas the FCA intends to focus on in 2014–15 to further its statutory objectives: to protect consumers, enhance market integrity and promote competition. The FCA aims to advance these objectives by continuing to be ‘judgment based, forward looking and pre-emptive’ in assessing potential and emerging risks.
Despite this being only the FCA’s second publication of its business plan since the disbanding of its predecessor, the Financial Services Authority (FSA), this year’s business plan bears an uncanny resemblance to all those that have been published before. There are no great shocks in this year’s plan and much of the rhetoric talks about the continuation of the FCA’s work in a number of areas…
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