Innovation is important to growth in UK financial services. Watch our video with Jessica Rusu and Helene O. to find out how we support firms to launch innovative products and services https://lnkd.in/eineCc-M #FinancialServices #FinancialRegulation #Innovation #FCASandbox #UKGrowth #UKCompetitionandGrowth
Financial Conduct Authority
Financial Services
Stratford, London 353,153 followers
We aim to make markets work well – for individuals, for business, large and small, and for the economy as a whole.
About us
We work to ensure financial markets work well for individuals, for businesses and for the economy as a whole. We do this by: - regulating the conduct of approximately 50,000 businesses - prudentially supervising 48,000 firms - setting specific standards for around 18,000 firms We were set up on 1 April 2013, taking over conduct and relevant prudential regulation from the Financial Services Authority (FSA). Our Head Office is based in London, and we work across the UK, from our office in Edinburgh and via colleagues in Belfast and Cardiff. Firms and individuals must be authorised or registered by us to carry out certain activities. Before we grant authorisation, firms must demonstrate that they meet a range of requirements. We then supervise these firms to make sure they continue to meet our standards and rules after they’re authorised. If firms and individuals fail to meet these standards, we have a range of enforcement powers we can use. We work alongside the Prudential Regulation Authority (PRA), the prudential regulator of around 1,500 banks, building societies, credit unions, insurers and major investment firms.
- Website
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http://www.fca.org.uk
External link for Financial Conduct Authority
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- Stratford, London
- Type
- Government Agency
- Founded
- 2013
- Specialties
- Financial services, Regulation, Consumer protection, Market confidence, Financial stability, and Reduction of financial crime
Locations
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Primary
12 Endeavour Square
Stratford, London E20 1JN, GB
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1st Floor, Quayside House
127 Fountainbridge
Edinburgh, EH3 9QG, GB
Employees at Financial Conduct Authority
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Enrique Angulo
Data Programme Manager at Financial Conduct Authority | FIP, CIPP/E, CIPM, CIPT, MSP, PMP, Prince2
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Lucinda Craig
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Harald Walkate
Advisor on Sustainable Finance & Financing Sustainability: Route17 & Finding Ways Ahead | Senior Fellow University of Zurich CSP | Pianist & Composer
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Elisa Menardo
Deputy Head, Governmental Affairs EMEA, UBS; Member of the FCA Secondary Markets Advisory Committee and charity NED
Updates
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Read our review of firm treatment of domestic Politically Exposed Persons (PEPs), and the application of our current Guidance. We’ve also launched a consultation on targeted changes to our Guidance on how firms should treat PEPs. We expect all firms to draw relevant lessons from our findings. #FinancialRegulation #FinancialServices #AntiMoneyLaundering #PEPs
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Our new listing rules are the biggest changes to the UK listing regime in more than 3 decades. The rules will make it easier for companies to go public, with a single listing category and streamlined eligibility. #NewListingRules #Listings #StockMarket #UKGrowth #Investors #FinancialServices #FinancialRegualtion
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Learn about the impact of the Consumer Duty and our priorities for the year ahead. Register for the live event on 31 July. #ConsumerDuty #Webinar #ConsumerProtection #FinancialServices #FinancialRegulation
FCA - Consumer Duty: 1 year on
webinars.fca.org.uk
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We were proud to host a transformative Data Innovation for Future of Regulation (DIFOR) conference, bringing together regulatory authorities from around the world. By sharing insights and best practice, we collectively enhance our ability to foster innovation while ensuring robust regulatory frameworks that protect consumers and promote market integrity. We thank all participants for their invaluable contributions. #FinancialServices #FinancialRegulation #FinancialMarkets #RegulatoryAuthorities #DataInnovation #InternationalCollaboration #MarketIntegrity #ConsumerProtection #GlobalConference
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Sheldon Mills outlines the principles behind the Consumer Duty and highlights the important role data plays in testing whether firms are achieving good outcomes for customers. #FinancialServices #FinancialRegulation #ConsumerDuty #ConsumerProtection #DataAnalysis #CompetitionandGrowth
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The Consumer Duty sets a higher standard of consumer protection in financial services. Watch Sheldon Mills and Kate Tuckley outline why the Duty matters and how they expect to see: ✅ Firms proactive in delivering good outcomes ✅ Increased customer trust and loyalty ✅ The opportunity to innovate with less need for new rules #ConsumerDuty #FinancialServices #data #innovation #ConsumerProtection
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From established firms to pioneering start-ups, our innovation services support businesses at every stage of development. We work with firms to help them bring new ideas to market, driving competition to improve the lives of consumers while supporting UK growth and competitiveness. https://lnkd.in/eineCc-M #FinancialServices #Fintech #Innovation #data
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Jessica Rusu spoke at #Money2020, outlining how the FCA will adapt to the speed, scale and complexity of AI, while promoting its safe and responsible use in financial markets. #AI #fintech #innovation #FinancialServices #FinancialMarkets #FinancialRegulation
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Under the Consumer Duty, firms must act to deliver good outcomes for retail customers. Read about good practice and areas for improvement https://lnkd.in/e5RRWtJw #ConsumerDuty #FinancialServices #ConsumerProtection