The FCA has released its new business strategy for the next 12 months.
Focusing on results rather than being driven by processes
The FCA is taking a bold position. It is clear in its business plan that firms seeking authorisation will face tougher questions and scrutiny from case handlers, and those being supervised should expect to receive more information requests to enable data-driven action by the FCA.
The FCA commitments focus on three areas:
1. Reducing and preventing serious harm