13th April 2018

UK Finance to work closely with FCA to deliver regulator’s business plan

Responding to the publication of the Financial Conduct Authority’s (FCA) Business Plan for 2018/19, Stephen Jones, Chief Executive of UK Finance, said: “The FCA has rightly prioritised its EU withdrawal work given its impact on markets, customers and member firms.

“In addition, the emphasis by the FCA of its work on culture and governance, financial crime and money laundering, technological regulation, application and resilience and the treatment of existing customers compared to new customers closely mirrors the focus of UK Finance and its member firms to ensure that banking and financial markets operate safely and transparently, and that public trust and confidence in the industry continues to improve.

“We will continue to work closely with the regulator in delivering its important cross-cutting and sector-specific objectives.”