As it steps into its 2nd year of its 3-year strategy, the FCA released a news article stating their focusing and intention for 2024. In the article Nikhil Rathu Chief Executive at the FCA has said;
'The financial services sector is vital to the UK economy, and we are committed to supporting its role in long-term economic growth.
'At the same time, our commitment to reducing and preventing harm remains unwavering, and the introduction of the Consumer Duty reaffirms this.
'From the digital frontiers where new opportunities and risks are fast emerging, to the competitiveness of UK markets, we are focused on staying ahead and have laid out proposals for far-reaching reforms across our remit.
'We know at the FCA our role is not just about regulating financial services, it's about safeguarding futures, supporting innovation and informed risk-taking and maintaining a resilient financial ecosystem.'