Pivoting to outcomes – dissecting the FCA’s business plan - S3E8
Risk & Regulation Rundown
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The FCA's Strategy for Outcomes Based Regulation
The FCA has outlined the outcomes that it expects all firms to deliver. It is very high level at this stage and I think the extent to which firms will get more guidance will depend on the topic. So for example consumer duty there's a clear objective in terms of what the regulator wants firms to achieve but I think they're cognizant of the fact that they need to give more detailed to firms, so we'll see when final rules come out.
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