Responding to the FCA’s new 5-year strategy, Miles Celic OBE, Chief Executive Officer, TheCityUK, said, “It is positive that the FCA’s new strategy acknowledges the need for a change in approach to risk and to regulate for growth in order to meet current and future national challenges. A focus on innovation and ensuring the continued competitiveness of our industry is also key to maintaining the UK’s status as a world-class international financial centre. It’s also vital that government, regulators and industry work collaboratively to enhance the financial resilience of individuals and households.
“The industry is committed to being a constructive partner in the FCA’s drive to be more proportionate, predictable and efficient. Delivering this agenda will support growth, drive innovation and help families and communities across the country.”
