News & insights

UK recommendations for FCA to drive growth in UK's financial sector

Written by Insight & Partnership Team | Nov 22, 2024 1:51:36 PM

 

The recommendations align with the government’s broader economic strategy to create a dynamic, sustainable, and globally competitive financial ecosystem.

Key recommendations to the FCA include:

  • Promoting international competitiveness and growth across all its regulatory activities;
  • Focusing on fostering innovation and the adoption of new technologies, including AI, to improve productivity and efficiency in financial services

✅ Regulated firms can review the government recommendations, as part of maintaining a holistic view of legislative and regulatory strategies.