The UK Financial Conduct Authority last week published its business plan for 2024-25 increasing its ongoing regulatory activities budget to £729.1mn, up 9.7 per cent from last year, but industry experts have expressed concerns about its strength.
Consumer Duty reform and a focus on capital markets remain high on the FCA’s agenda, but the plan reveals “confusion” and lacks adequate intervention, particularly on technology and fraud, said Gilbert Verdian, CEO of Quant.
