FCA welcomes UK financing plan for net-zero transition

The regulator has embraced a blueprint for transitioning to net zero but its broad statement does not provide dates. The Government-commissioned Transition Finance Market Review (TFMR) lays out ways of providing "transition capital" to United Kingdom companies - and the regulator says that this "remains a priority for us".

By Neasa MacErlean

In a short statementthe Financial Conduct Authority also recognises "the challenges and complexities for firms in structuring this kind of finance". And it adds, that it acknowledges the TFMR's call "for more communication on how we view its role within our wider work and regulation". Nevertheless, the tone is not one of urgency - as the regulator simply encourages firms to read the report's recommendations, rather than phrasing it more strongly. This is largely because the report is looking at the collective design of the transition, rather than focusing on what individual firms might do.