Deloitte Insight: New FCA three-year strategy and business plan for 2022/23
Recently published insights from Deloitte's EMEA Centre for Regulatory Strategy Overview: The FCA recently published its new three-year strategy and Business Plan for 2022/23. While there is little new in terms of specific regulatory and supervisory initiatives, what is substantively new is the FCA's shift to an outcomes-based strategy and the adoption of a lengthy set of detailed metrics to measure its own performance against it. These metrics will create incentives that will influence how the FCA behaves. Consequently, Boards and senior management will want to engage with the strategy and the choice of metrics to understand the FCA's priorities and how it will measure progress against them. The FCA and industry will need to be alert to any unintended consequences.... For more insight from Deloitte's industry experts, click here. Read the 2022-2025 FCA Strategy document here.