On 16 April 2025, the Financial Conduct Authority (FCA) published a speech entitled ‘Working together to deliver our enforcement priorities’, which was delivered by its joint executive director of enforcement and market oversight, Therese Chambers, at the Spring Conference of NYU’s Program on Corporate Compliance and Enforcement.

Key points covered in the speech include:

• The FCA has a strong and productive history of working with partner agencies in the US and intends to continue doing so.

• Its enforcement action is about deterrence and it is working to speed up its investigations, as action to deter misconduct needs to be timely and visible.

• The FCA’s enforcement priorities for the next 5 years include keeping dirty money out of the financial ecosystem, taking swift action where it sees regulated firms being used as vehicles for fraud, protecting the integrity of UK markets, and developing a safe crypto regime that protects consumers.

• Individual accountability and responsibility is important, in addition to enforcement against firms. Ms Chambers flags the need for senior leaders at regulated firms to be open, transparent and honest with the FCA, and to be held to account where their actions or omissions result in harm.