FCA and the ‘new normal’
As the Financial Conduct Authority strives tosupport consumers and firms through a global pandemic, while economic falloutand Brexit loom in near view, perhaps the only certainty is uncertainty. EmmaRadmore explores what the new regulatory normal might look like, and wherethe FCA might hope to be by the end of 2020.
Emma Radmore(legaldirector) is a member of Womble Bond Dickinson’s financial services team inLondon. Contact her [email protected]
Covid-19 has now been interrupting almostevery aspect of work and life for so long, it’s hard to remember what ‘normal’is.
Or, maybe more accurately, what normal was. The Summer holidays have ended,the furlough scheme is beginning to wind down,
every effort has been made toenable schools to open and stay open, and the Government is encouraging peopleto get back to
work. But what does this actually mean for the financialservices industry? Obviously, the regulators cannot simply lift all
themeasures that have been in place for the best part of six months, and say,“right, as you were then.”