FCA faces the uncertain future

Amid an unfolding global pandemic and withBrexit underway, the Financial Conduct Authority has attempted its annual BusinessPlan. Adam Samuel assesses theregulator’s progress and goals.

Adam SamuelBALLM DipPFS MCISI FCIArb Certs CII (MP&ER) Barrister and Attorney may becontacted atadamsamuel@aol.com.For links to where you can buy thesecond edition of ‘Consumer Financial Services Complaints and Compensation’,see www.adamsamuel.com/book.

The FCA’s Business Plan 2020/2021 has anentirely reasonable sense of unreality about it. The effects of Covid-19 andBrexit remain completely unknown. Planning in this environment becomes anexercise in aspiration rather than anything too concrete. In practice, like theGovernment, the regulator will have to be light on its feet when both of thesemonumental events pass.