The FCA's new strategic approach: challenging times | Practical Law

The FCA's new strategic approach: challenging times | Practical Law

From the establishment of the Financial Conduct Authority in April 2013 to the end of 2014, the number of firms regulated by the FCA trebled, most notably due to a widening of the FCA’s remit. The FCA has admitted that this has put its supervisory model for small firms under strain and that, at times, it has found it difficult to understand the relative importance of the competing demands on its time.

The FCA's new strategic approach: challenging times

Practical Law UK Articles 2-610-3251 (Approx. 5 pages)

The FCA's new strategic approach: challenging times

by Elaine Penrose and Rebecca Huntsman, Hogan Lovells International LLP
Published on 30 Apr 2015United Kingdom
From the establishment of the Financial Conduct Authority in April 2013 to the end of 2014, the number of firms regulated by the FCA trebled, most notably due to a widening of the FCA’s remit. The FCA has admitted that this has put its supervisory model for small firms under strain and that, at times, it has found it difficult to understand the relative importance of the competing demands on its time.