Responding to the FCA's update on its enforcement transparency proposals, Miles Celic, OBE, Chief Executive Officer, TheCityUK, said, “The FCA’s decision gives firms and investors greater certainty and predictability, which is good for the UK’s international competitiveness and wider economic growth. It is hugely positive that the FCA has been willing to proactively and constructively engage with industry on this issue - especially given the significant impact the proposed changes would have had on the UK’s status as a world-leading international financial centre. We look forward to continuing this positive engagement to support their commitment to the competitiveness of the UK’s regulatory environment and the government’s growth mission.”
Our CEO responds to the FCA's new 5-year strategy, highlighting the need for a shift in risk regulation to foster growth and maintain the UK’s status as a world-class financial centre.