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

22 November 2024

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

The UK Government issued a comprehensive set of recommendations for the Financial Conduct Authority (FCA), aimed at driving growth and enhancing the competitiveness of the UK’s financial services sector.

 

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.
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