On 27 November 2024, the Financial Conduct Authority (FCA) published a speech, delivered by its chief operating officer, Emily Shepperd, on ‘Setting the foundations for our future strategy’, which discusses the FCA’s new 5-year strategy for 2025-2030.
Ms Shepperd explains that the FCA is in the final year of its current strategy and has made significant progress in delivering against its three key commitment areas: reducing and preventing serious harm; setting and testing higher standards; and promoting competition and positive change. Over the past few months, the FCA has been seeking views from a wide range of stakeholders to help build its new strategy.
The new 5-year strategy will focus on four key themes:
- Becoming a more efficient and effective regulator.
- Tackling financial crime.
- Building consumer resilience.
- Supporting economic growth and innovation.
The speech provides further detail on each of these themes and notes that all of them are supported by the FCA’s approaches to technology, data and how it develops its workforce to match the needs of the future.