The Financial Conduct Authority has published its Annual Report and Accounts, outlining the work undertaken in response to the pandemic, key priorities, cross-cutting priorities and priorities within specific sectors.
The 161-page report covers a wide range of activities including:
The regulator’s response to coronavirus – ‘we brought in payment deferrals, restricted repossessions of homes, goods and vehicles and ensured essential consumer services remained available’.
International and EU withdrawal – ‘we worked with the Government to ensure continuity for consumers and firms, and to protect UK markets’.
Transforming the way the FCA carries out their role as a regulator – ‘we have developed the shape and scope of our plans to become a more efficient and effective regulator’.
How the FCA is implementing the independent reviews – ‘we have established a programme of work that brings together all of the actions we are taking to implement the recommendations from the independent reviews’.