Most fixed firms agree FCA regulation enhances UK's reputation

More than half agree regulation is aligned with rules imposed by other regulators

Isabel Baxter
clock • 1 min read

Most fixed firms agreed that Financial Conduct Authority (FCA) regulation enhances the reputation of the UK as a financial centre.

For the FCA & Practitioner Panel 2023/24 survey, firms were shown a series of statements to gauge their views on the impact of FCA regulation on financial services. Back in February, the regulator said that it will be collecting views from an increased sample of flexible firms this year, totalling 25,000.  It found that a majority of fixed firms agreed that FCA regulation enhances the reputation of the UK as a financial centre (84%), up from 78% in the 2022/23 survey results. Meanwhile, 75% said the FCA's regulation and delivers better outcomes for consumers. This also saw an increase...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA CEO: 'The jury is out on whether the FCA is helping to achieve growth'

FCA CEO: 'The jury is out on whether the FCA is helping to achieve growth'

Nikhil Rathi calls for collaboration

Linus Uhlig
clock 18 October 2024 • 2 min read
Is simplified advice still on the table?

Is simplified advice still on the table?

FCA department head acknowledges ‘more enthusiasm’ for targeted support

Jen Frost
clock 15 October 2024 • 2 min read
FCA's Hulme: Consolidation review a response to 'industry-led' concerns

FCA's Hulme: Consolidation review a response to 'industry-led' concerns

FCA ‘agnostic’ on firm size, department head sets out

Jen Frost
clock 14 October 2024 • 3 min read