Reported 3 days ago
The UK’s Financial Conduct Authority (FCA) is facing scrutiny as it seeks to establish a new five-year strategy termed 'Strategy 25' aimed at rebuilding its relationship with regulated firms and boosting the economy. After years of heavy-handed enforcement, the FCA aims to focus on consumer resilience, pension reform, and financial crime, amid concerns that its previous approach may hinder economic growth. The regulator's current leader, Nikhil Rathi, is evaluating the balance between consumer protection and industry competitiveness while preparing for incoming responsibilities starting in 2026.
Source: YAHOO