Today, March 24, 2015, the Financial Conduct Authority (FCA) published its Business Plan for 2015 and 2016. Every spring, the agency releases an outline for regulatory and investigatory priorities for the upcoming two years. Martin Wheatley, FCA Chief Executive, said, “This is an important day in terms of setting out our priorities for the year ahead and also giving firms greater clarity on how they can expect to work with us.”
The 2015/2016 Business Plan includes an extensive agenda. Some of the key areas of focus include the pension and mortgage markets. The FCA will also continue to conduct wholesale market studies and monitor the use of technology specifically in the insurance market. Internationally, the agency will contribute to benchmark reform and the implementation of the Markets in Financial Instruments Directive (MiFID II).
- FCA Business Plan: http://www.fca.org.uk/news/our-business-plan-2015-16
- FCA Press Release: http://www.fca.org.uk/news/fca-publishes-its-business-plan-for-2015-16