Growth and competitiveness – the role of the FCA 2025

In this IIL London Market webinar, Matt Brewis, talks about how the FCA is responding to the new secondary objective around encouraging growth and competitiveness, while Ashley Prebble and Philip Deeks give an adviser’s view of the changes.

The Financial Services and Markets Act 2023 introduced significant changes to the regulatory framework for financial services in the UK. One of these changes is that the Act gives the PRA and FCA a secondary objective to facilitate the international competitiveness of the UK economy, in particular financial services, and its medium to long-term growth. The regulators are also required to lay before Parliament an annual report on how they achieve this and their performance against a number of metrics.

This webinar looks at how the FCA is responding in terms of culture, policy and process and what further changes we can expect in the next several years. It will highlight positive changes and where the FCA think more can be done. It will also provide insights from the advisory community on their perspective on the changes and what clients would like to see more of.

Learning objectives

• What this objective means to the FCA
• What changes market firms can expect
• What can they look out for in the future

Speakers

• Matt Brewis, Director of Insurance, FCA
• Ashley Preble, Partner, Clifford Chance
• Philip Deeks, Head of KPMG’s Regulatory Insight Centre, KPMG
• Chair: Caroline Wagstaff, CEO, LMG