On 5 November 2025, the Financial Conduct Authority (FCA) published a speech given by Sarah Pritchard (Deputy Chief Executive, FCA) entitled Rebalancing risk for growth, the role of the Chief Risk Officer. The speech touches on the FCA’s new 5-year strategy, myth busting, the practical steps the FCA has taken to deliver and rebalance the existing risk in the system, and how the FCA is working smarter.